If you have been watching my videos, you know that we ventured about 20 miles south of Marble Falls to check out the renowned Christmas lights in Johnson City. It was well worth the trip. Pedernales
Market Reports - August
Dated: September 17 2021
The Market Reports are out for the month of August and the biggest takeaway is that inventory is continuing to increase. Up from a July low of about 45 days, we are now looking at over two months in our two largest markets in the Highland Lakes region. Despite this continue rise in inventory, it is still a solid seller's market. To understand inventory, here are the general stability markers:
- 0-3 months - seller's market
- 4-6 months - stable market
- 6+ months - buyer's market
We do expect this trend to continue as we head into the fall. We also expect interest rates to stay low, though maybe not as low as they have been. It is a good time for buyers with an outlook for continued improvement over the winter. For sellers, the number of active listings remain below those of a year ago. With rates and inventory low, it is still a great market for sellers as well.
Hi there! Thanks so much for stopping by. I look forward to working with you. Although I am not a native to Texas, I have now been here for over 20 years. I was introduced to Horseshoe Bay in 2000 and....