Let’s take a look at Zillow’s Market Heat Index to see where Austin’s market currently stands.
A higher score indicates a hotter metro-level housing market where sellers have more power. A lower score indicates a colder metro-level housing market where buyers have more power.
According to Zillow:
-Score of 70 or above = strong sellers market
-Score from 55 to 69 = sellers market
-Score from 44 to 55 = neutral market
-Score from 28 to 44 = buyers market
-Score of 27 or below = strong buyers market
Among the 200 largest metro area housing markets, these 10 are the COLDEST markets, where buyers have the most power:
– Beaumont, TX —> 13 reading
– Gulfport, MS —> 14
– Longview, TX —> 23
– Lubbock, TX —> 23
– Brownsville, TX —> 26
– Macon, GA —> 27
– Waco, TX —> 30
– Gainesville, FL —> 30
– Naples, FL —> 31
– Cape Coral, FL —> 33
-AUSTIN, TX — > 39
The coldest markets (i.e., where buyers have more power) are those where active inventory has increased the most over the past two years, and where home price growth is the weakest or softest.
Austin is currently in a Buyer’s market. If you are thinking about selling, it takes a different kind of marketing strategy in this market. I have that strategy.
Click here to view an interactive of the map below
