Economist Review: Will the Texas Market in 2021 be
Better? Same? Worse?
On Dec 2nd the well known Economist and State Director of Information Capitol for Independence title - Mark Sprauge, presented his review of the state of the economy pertaining to Central Texas. It was fantastic with loads of information, not just on all of the real estate sectors, but on the affects of the election, the pandemic, hospitality, the service industry, oil and gas, unemployment, and much more.

The key take-away for me was...The economic outlook for residential real estate in Central Texas is very good, with a strong foundation and room to grow. We are in one of the healthiest environments in the country. No Bubble here, just lots of opportunities making it hard for people, and major companies to resist relocating to the center of our beloved State.

An outlook of strong appreciation, resurgence in hospitality, more jobs, and plenty of growth is projected moving forward. That's something we can all look forward too after the tremulous year of 2020.


Changes in Units for Sale: Week of November 22 - November 28, 2020
  • New listings: - Up 6.63% compared to 11/24 - 11/30/2019
  • Pending listings- Up 16.29% compared to last year
  • Sold listings- Up 13.65% compared to same week last year
  • Current Mo/ Inventory: Down to 1.69 months (Last year it was 2.46)
  • Median Sales Price: Up to $360,000 (8/1/2019 - 7/31/2020) 
Changes in Price Ranges:
Sold average sales prices increased 33.58% to $479,308 this past week compared to the same week in 2019 when we had an average of $358,812.

Updates on Current Inventory
There are 5,855 active listings on the market. Last year there were 7,677 active listings during the same week. That is a 23.73% decrease in total active listings from 2019.

Active Listing 10yr History
2020 = 5,855 | 2019 = 7,677 | 2018 = 8,756 | 2017 = 8,081 | 2016 = 7,174 |
2015 = 6,616 | 2014 = 6,616 | 2013 = 6,061 | 2012 = 6,971 | 2011 = 8,538 | 2010 = 10,331

Pending Listing 10yr History
2020 = 614 | 2019 = 528 | 2018 = 584 | 2017 = 689 | 2016 = 560 |
2015 = 487 | 2014 = 444 | 2013 = 325 | 2012 = 456 | 2011 = 424 | 2010 = 339

Your Home is High on the Buyer Wish List this Holiday Season
Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Others who already have their homes on the market remove their listings until the spring. SO I'm going to unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.

1. Buyers are active now. Mortgage rates are historically low, providing motivation to get more for their money over the life of their loan.
2. Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy.
3. You can restrict the showings in your house to days and times that are most convenient for you. You remain in control, especially in today’s sellers’ market.
4. Homes decorated for the holidays appeal to many buyers.
5. Today, there’s minimal competition for you as a Seller. There just aren’t enough houses on the market to satisfy buyer demand, meaning sellers are in the driver’s seat. Over the past year, inventory has declined to record lows, making it the opportune time to sell your house (See graph below):

6. The desire to own a home doesn’t stop during the holidays. Buyers who have been searching throughout the fall and have been running into more and more bidding wars are still on the lookout. Your home may be the answer.

7. This season is the sweet spot for sellers, and the number of listings will increase after the holidays, especially in Central Texas as more new construction will also be available for sale in 2021, which will lessen the demand for your home next year.

BOTTOM LINE IS: More than ever, with record setting sales, price appreciation and lack of inventory it makes the most sense to list your house during this holiday season over any other we have seen. Reach out if you have questions about your situation. I'm happy to help guide you to whatever goals you have, regardless of what your looking to do. I just want to help you get to where you want to be!.
10 Ways to Give Back to Our Local Community This Holiday Season

  1. Attract local wildlife
  2. Clean up our community
  3. Join a neighborhood watch
  4. Boost your civic engagement
  5. Support Local Businesses
  6. Donate to local charities
  7. Organize a holiday food drive
  8. Adopt a family or individual
  9. Volunteer
  10. Perform acts of Kindness

Thank you for you for your time today!
Stay safe and let me know what in the world I can do for you!