Austin Housing Report for May 2024.

Topics:

- New Home Interest Rates: Currently at 4.5%, offering significant savings.
- Monthly Savings: Save an average of $827 per month on a new home.
- Resale Interest Rates: Ranging from 6.5% to 7.1%.
- Seller Profits: Homes are selling for $20K more on average compared to - December 2023.
- Listing Value Trends: Listing values have increased!
- Optimal Selling Months: May, June, and July are the best months for sellers.
- Housing Inventory: Stands at 4 months, buyers have options to select from!

In 2024, sellers are likely to regain more negotiating leverage, moving away from the 70/30 ratio experienced in the fourth quarter of 2023. Those listing their properties in April into August could have a better chance of selling compared to the months of January, February, and March.
An upswing in consumer confidence is also projected to positively influence the real estate market in 2024.

Contact Information:
Brendan Sanford
(512) 696-0673
Keller Williams Realty
Brendan@SanfordRealty.com
Top 1% Realtor in ATX

Check Out Our:
Facebook: / sanfordrealty1
Website: www.SanfordRealty.com
Instagram: / brendanatxrealtor
Twitter: / brendansanford2

Sources:
Housing Trends Report (NAHB)
MLS Data
Fannie Mae
KCM Analysis
Mortgage News Daily

About Me:
As a top realtor in Austin, Brendan is dedicated to listening to his client's needs and simplifying the complexities of real estate through education and guidance, empowering Austinites to build wealth through estate sales and purchases. Whether this is your first home, second home, or dream home, Brendan will expertly lead you on a path to achieving your unique set of goals!

Over the years Brendan has sold over $125 Million in Real Estate and has received multiple awards in the industry. 2023: #1 Agent in Keller Williams Austin NW Office, Top 1% of Realtors in Austin, Texas - PT50. 2022: Top 1% of Realtors in Austin, Texas - PT50, Quadruple Gold Medallion Status, #2 Realtor in Keller Williams NW with 18 Million Sold in Real Estate, #1 Realtor in the Keller Mortgage Program (saving $135,000 in fees for clients), 2021: #2 Realtor in Keller Williams NW. 2021 Platinum Top 50 Top 500 Realtor in Austin. 2020: Top 3.5% of all Real Estate agents and awarded the 2020 Platinum Top 50 Top 500 Realtor in Austin. In 2019, he was awarded "10 Best Real Estate Agents - Exceptional and Outstanding Client Service" by the American Institute to Real Estate Agents. In 2016 & 2015, presented with the Master Ruby award for his commitment to extraordinary client satisfaction. Along with multiple other achievements, he received the Top Leadership Producer, 2015 Top 100 REALTOR in Q1, and 2014 Silver Eagle Sales Award. Top realtor in Austin, Texas, Best realtor in Austin, texas.

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DISCLAIMER- This video was made for educational purposes only. The suggestions, advice, guidance, and/or opinions that are given by Brendan Sanford at Keller Williams Realty are simply opinions. There are no guarantees of set outcomes and this video does not consent to a client relationship. Listeners, guests, customers, and attendees are advised to always consult with their attorneys, accountants, and other licensed professionals regarding a real estate transaction in Texas. Listeners, guests, customers, and attendees are to hold Brendan Sanford and Keller Williams Realty brand harmless from any liabilities and claims.

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