End of 2024 Market Update
In our previous post our Broker, Jason Huval, shared a short video about market conditions. If you missed that you can see it here.
The data shows that overall the market continues to correct off of its previous highs. The ongoing sentiment to explain that trend indicates that the population of Austin has slowed or even reversed its growth, and the inventory of rental and homes for sale has increased significantly. As we’ve mentioned before, when the inventory of sale listings increases it also leads to many owners putting their homes up for rent when they can’t sell them.
Finally, our internal data continues to support the notion that pricing a rental competitively and offering incentives are the best way to prevent long term vacancies. &nbs...