Is it a Buyers Market or a Sellers Market?

If you’re thinking about buying or selling a home soon, getting a grasp on the current market climate can really shift your strategy.

In a Buyers’ Market, there are more homes for sale than buyers, giving you more bargaining power and often leading to lower prices.

In a Sellers’ Market, there are more buyers than homes available, so sellers have the upper hand and prices tend to be higher.

Right now, sellers in the Northeast, Midwest, and Southern California are in a strong position, while buyers in Florida and Texas have the advantage.  

That’s according to a survey of resale real estate agents in July 2024 by John Burns Research and Consulting.

If you have questions about how this affects your future real estate plans here in the Austin market, don’t hesitate to contact Kathleen immediately.