Austin Market Update 7.10.17

    Fireworks mid week brought distractions for the real estate market. A Tuesday 4th of July created fewer closed sales because title companies and mortgage companies were closed for the 3rd and 4th of July. Having the end of June fall on a Friday artificially inflated sales numbers for the prior week as closings worked quickly to slam in for the 30th. We’ll see numbers bump up this week as buyers get back to home searches. If you’re not seeing contracts in the first 20 days of being on the market, make adjustments quickly to pricing and/or condition.

    July is shaping up to be a strong month with interest rates still holding steady. August, so far is running ahead of July numbers for booking in. We’ll stay tuned as we still have 2.5 more weeks to watch summer numbers book in for August.


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