Happy Thursday, Michael,

We hope you're relishing the recent rainfall we've been waiting for, and the cooler weather couldn't have come at a better time with Halloween just around the corner.

In this week's market report, we dive into the latest trends, comparing the national landscape and September sales data with our Central Texas market. For locals, we bring you highlights from the exhilaration of last weekend's F1 race at COTA, what to do in Austin this Halloween understanding Texas November election propositions, and exploring top home seller scenarios, not to mention delving into what the "new" fall market brings for investors.

Always remember that real estate's success is closely tied to location and circumstances. If you have any questions or need expert guidance to capitalize on the current market conditions, we're here to assist you. Let's work together to transform the challenges with interest rates and inventory into opportunities for your real estate journey.

Steve & Mike Cossette 

(512) 299 5904

[email protected]

Do you know anyone who may need my services? Feel free to pass this email along so I can chat with them about their real estate needs!

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Local Community Update

What Austinites should know about each proposition in the

Nov 2023 election

Early voting is underway for the November election. State constitutional amendments and local propositions are on the ballot, depending on where you live.

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Top moments from Austin's Formula 1 weekend!

Austin has just passed its third consecutive weekend of action-packed fun; Expectations going into the Formula 1 United States Grand Prix weekend were high after two successful weekends of Austin City Limits Music Festival.

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New Listings This Week

Check Our Listings Here

National Market Report

RE/MAX National Housing Report for Oct 2023 

As we're in the middle of the fall season, we're seeing some familiar cyclical patterns at play. The recent drop in sales aligns with typical seasonal trends, and the boost in available inventory was much needed to offset the previous scarcity. This is definitely encouraging news for those buyers eager to make their move this autumn.

Nevertheless, it's worth noting that certain buyers may still find this market challenging. The uptick in interest rates has deterred some potential buyers, not all. However, the buyers in the market seem to be taking a long-term perspective.

Locally it's a great time to get a good deal in the Austin MSA as prices are down, and Sellers are willing to negotiate more than we've seen in the last 5+ Years

Nationally the low inventory levels are keeping prices elevated, up from last year. So, it can indeed still be a competitive landscape, especially for young, first-time buyers, competing for well-priced turn-key properties.

Austin MSA Compared to The National Ave

>>> Austin MSA 5yr Trend Graphs <<<

DFW MSA| Houston MSA | San Antonio MSA

Austin MSA Sept Stats

  • # Closed Sales: Down 18% from September 2022,
  • Median Sales Price: 452,080 Down -4% from Sept 2022
  • New Listings: down by 7% from last September
  • Ave Days on Market: 65 days up 24 days from Sept 2022
  • Months of Inventory: increased 0.9 months to 4.0 months of inventory YOY.
Central Texas Market Report

National Ave Sept Stats

  • # Closed Sales: Down 17.0% from to September 2022
  • Median Sale Price:$415,000 up 2.5% from Sep 2022
  • New Listings: down 7.8% compared to Sept 2022
  • Ave Days on Market: 34 days up 3 days from last year
  • Months of Inventory: in September was 2.1. up 0.1 months from Sept 2022
RE/MAX National Market Report

New Market Activity by Area

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Market Insights

What does the Autumn/Winter Real Estate Market Looks Like For Investors?

Stay ahead of the market. Traditionally, the end of summer signals a drop in demand for single-family homes as families settle in for another school year. However, this hasn’t been the case since 2020. Here's what the NEW Fall/Winter Market looks like...

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To Sell or Not to Sell? Here's a Reality Check

If you’re one of the many homeowners who feel paralyzed by indecision, allow us to help you play out the various scenarios and move forward. Here are some of the top “to sell or not to sell” questions floating around today, plus a reality check with expert forecasts rather than hearsay or fear.

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Things to Do for Halloween in Austin 2023

If you'll be in Austin for Halloween weekend 2023, the city is full of festive ways to celebrate. From scary movies and haunted houses to kid-friendly pumpkin patches and Boo at the Zoo, here are some favorite festive events, activities and things to do for Halloween in Austin, Texas.

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