Good news for home sales: the Statesman reported that for the first time in the past year, the volume of home sales have returned to 2008 levels. I still think we have a way to go to be out of the woods completely with all sectors of the housing market in Austin, but the large number of multiple offers we’ve seen in low inventory pockets such as South Austin, Circle C and Round Rock are great signs that the market is regaining strength. Look for the areas with lowest inventory and high affordability to come back first, followed by areas with higher inventory and/or higher prices.
Read the Statesman article.

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