Texas Monthly Market Update December 2023
The real estate market in Texas has remained stable, as evidenced by the recent December market statistics. Median home prices in Austin and San Antonio have remained fairly static, but the market has shown resilience as the median sales prices have not decreased further. It is encouraging to see that interest rates have dropped, which is expected to increase demand for housing and boost the market. The Rio Grande Valley continues to experience growth with median prices on the rise. Overall, the real estate market in Texas is expected to remain stable in the future, with a steady demand for housing and good things to come. Some notable changes to the finance market include rates in the upper 5s and speculation that the Spring will finally bring a drop in the Fed rate. Buyers are out and looking again, as it seems that we have reached an opportunistic moment in the real estate market. If you're in the market and really want to "win," it's time to make a move!
We're here to help, so don't hesitate to reach out to us so we can help you make the soundest decisions with your next real estate move. In addition, we can provide up-to-the-minute stats that are specific to your market.
Our monthly market update showcases everything you need to know about local real estate trends over the last month. Take a look!