November 17, 2021
Real Estate

Is market cooling a bit?

In a sign the Central Texas housing market could be cooling, home sales across the region and within the city of Austin declined last month — the first time that’s happened since May 2020. 

However, the prices of the homes that did sell kept climbing, hitting record levels for July, according to the Austin Board of Realtors, which on Thursday released its latest monthly home sales report for the five-county Austin region.

Austin-area real estate agents say that while the housing market remains hot  — and is expected to continue to remain so —  it has simmered down a bit. They point to an increase in the supply of housing, homes staying on the market a little longer and some houses receiving fewer multiple offers.

“As we have moved away from the post-COVID boom, the market has begun to stabilize,” Susan Horton, the board’s president, said in a written statement. “There…

Read full article here: www.statesman.com