• Sign Up
  • Log In
Brandon Reyes
Brandon Reyes
(210) 365-2431brandon@teamprice.com
    • Search
    • Areas
    • Properties
      • Search Properties
      • Featured Properties
    • Insight
    • Market Report
    • Market Update
    • About
      • Meet Brandon
      • About Team Price
      • Testimonials
    • Contact
    • Sign Up
    • Brandon Reyes(210) 365-2431
      brandon@teamprice.com
      Copy Email
    • Team Price Real Estate
      7320 N Mo-Pac
      Austin, TX 78731
      (512) 213-0213
      dan@teamprice.com

    Search

    • Search Properties
    • By City
    • By Subdivision
    • By Zip

    Explore

    • Featured Properties
    • Areas
    • Property Search

    Company

    • Guarantee
    • Work with Us
    • Interview Questions
    • Join Our Team

    Resources

    • Insight and Statistics
    • Tenant Pre-Screening
    • Real Estate Forms
    • Real Estate Glossary

    About

    • Home
    • About
    • Agents
    • Testimonials
    • Contact Us

    Account

    • Login
    • Sign Up
    Brandon Reyes - Footer Logo
    • Texas Real Estate Commission Information About Brokerage Services
    • Texas Real Estate Commission Consumer Protection Notice
    • Privacy
    • Terms
    • DMCA
    • Accessibility
    • Fair Housing
    © 2025 Team Price Real Estate. All rights reserved.
    Website built by CloseHack.
    Central Texas Multiple Listing Service

    Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Brandon Reyes may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

    Austin Board of Realtors

    The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

    • MLSGrid IDX Data Notice
    • DMCA Notice
    Monday Morning Touch Point: Austin Real Estate Market Update | August 19, 2024

    Monday Morning Touch Point: Austin Real Estate Market Update | August 19, 2024

    Published 08/19/2024 | Posted by Dan Price

    Welcome to our "Monday Morning Touch Point: Austin Real Estate Market Update | August 19, 2024 " video recap! If you missed the live session, don’t worry; we have all the essential data and insights right here. Whether you’re looking to buy, sell, or just stay informed, this analysis provides a snapshot of the current real estate dynamics in Austin as we navigate through an evolving market landscape.



    As of mid-August 2024, Austin’s real estate market continues to adjust to both seasonal shifts and broader economic indicators. This month’s focal point has been the new listing to pending ratio, a critical measure that helps gauge market activity. Recently, this ratio stood at 0.69, indicating a slower uptake of new listings compared to previous weeks, largely influenced by the onset of the school year. This ratio is calculated by dividing the total number of new and re-entered listings by those that have gone under contract or are pending.


    Inventory management has become increasingly strategic, with a noticeable trend in property withdrawals. This tactic suggests that more sellers are choosing to lease rather than sell, evidenced by a surge in active lease listings. Moreover, a significant 91% of all price adjustments were reductions, indicating that many sellers are repositioning their properties to attract buyers in a competitive market.


    On a month-to-month basis, the activity index—a metric showing the ratio of pending sales to new listings—improved slightly to 0.64 but still points to a market that leans towards buyers. This tepid demand contrasts with the considerable number of listings being withdrawn from the market, hinting at a potential increase in sales listings as these temporary leases expire by next year.


    Our detailed analysis also highlights the leasing market’s robust activity, suggesting that this might become a prolonged trend if the current market conditions persist. This strategic shift from selling to leasing could reshape buyer and seller strategies moving forward.


    This video aims to embed crucial market insights directly into your strategy, whether you're navigating purchases, sales, or simply keeping an eye on the market. Stay tuned for more updates and ensure you're equipped with the latest information to make informed real estate decisions in Austin.

    • Austin real estate
    • market trends
    • property listings
    • home sales
    • Real estate analysis
    • market update 2024
    • Austin housing market
    • real estate investment
    • buying a home in Austin
    • selling in Austin
    • property management
    • real estate data
    • market dynamics
    • Real Estate Tips
    • Austin homes

    Request Info

    Have a question about this article or want to learn more?