The Mangin Team at Real Broker Market Report
Greater Austin Area By County
The Altos Research Real-Time Market Profiles below provide comprehensive and timely insights into real estate market conditions for specific counties, cities or ZIP codes. This tool gives real estate professionals, investors, and homebuyers up-to-date information on market trends, helping them make informed decisions. Click on the graph for more data, graphs, and charts for that area.
Here’s a breakdown of the key features and data points typically included in an Altos Research Real-Time Market Profile:
1. Median List Price: This indicates the middle price point of homes currently listed for sale in the area, offering a snapshot of the local market’s pricing environment.
2. Price Per Square Foot: Provides the average cost per square foot for homes in the market, helping to compare value across different properties and sizes.
3. Inventory Levels: Shows the number of active listings in the area, giving an idea of the market’s supply. Trends in inventory levels can indicate whether the market is leaning toward buyers or sellers.
4. Days on Market: This indicator tracks the median number of days that listings remain active before being sold or taken off the market, illustrating the pace of the market.
5. Market Action Index (MAI): This indicates market temperature, showing whether current conditions favor buyers or sellers. A higher MAI suggests a seller’s market, while a lower MAI points towards a buyer’s market.
6. Price Decreases/Increases: Represents the percentage of properties that have undergone price reductions or increases, providing insight into market dynamics and seller expectations.
7. Absorption Rate: This measures how quickly homes are sold in the market, helping to understand the rate at which buyers are absorbing available homes.
8. Demographic Data: Includes key demographic and economic indicators such as average income levels, employment rates, and population growth, which can influence housing market trends.
This data is shown in easy-to-understand charts and graphs, updated weekly, ensuring that users have access to the most current market conditions. The Real-Time Market Profile is an invaluable resource for anyone looking to gauge the health and direction of a specific real estate market.
Click here to see Austin area zip code market trends.
Click here to see Austin area city market trends.
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