Market Update - June, 2021

Dated: July 21 2021

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Despite the market still being a red hot seller's market, there are some things to dicuss this week as I am hearing anecdotedly that the market is beginning to soften. I talked to brokers, agents, and lenders last week who all said that they could see the market slowing a bit. We are starting to see a small increase in inventory at price points above $500k. Buyers are being a little more descriminating in their purchasing, while others are dropping out of the market out of frustration. We will see how this plays out in the fall when the summer selling season begins to fade. There may be some opportunties ahead for buyers.

New construction generally increases inventory. However, with supply chain issues and worker shortages, waitlists for new construction are widespead. These issue are considered short term however, as a new neighborhood has been announced in Marble Falls on the corner of 71 and 281. This, along with Gregg Ranch just south of it, will present new opportunities for buyers in the area. Marble Falls is defintely growing as there are rumors of a new convention center, three new hotels, and an expansion of Main Street in the works. It seems that Marble Falls, in particular, is positioned for some growth in the next few years. 

Below are market reports from June for Horseshoe Bay and Marble Falls. For some comparison, in Meadowlakes, homes in that neighborhood are staying on the market for an average of 6 days with an inventory of 24 days. In Kingsland, there is 3 months of inventory. 

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Tony Houle

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....

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