U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Austin
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 01-28-2011, 10:59 PM
 
92 posts, read 167,242 times
Reputation: 29
Default More houses on the market in Spring season?

Is it true that more houses will be on the market in Spring season? If so, why? Best time to buy at this period?

Thanks!
Reply With Quote Quick reply to this message

 
Old 01-29-2011, 11:16 AM
 
Location: Austin, Texas
544 posts, read 875,846 times
Reputation: 144
yes, newie, there are historically more houses on market in the spring -- selection is pretty good and there are strong indicators this is a buyer's market
Reply With Quote Quick reply to this message
 
Old 01-29-2011, 02:21 PM
 
2,071 posts, read 3,722,179 times
Reputation: 594
Quote:
Originally Posted by ROY DUBOSE View Post
yes, newie, there are historically more houses on market in the spring -- selection is pretty good and there are strong indicators this is a buyer's market
Buyer's market depending on what area you buy. Perhaps it's a buyer's market in Pflugerville, but maybe somewhere else it is not.
Reply With Quote Quick reply to this message
 
Old 01-30-2011, 09:39 PM
 
92 posts, read 167,242 times
Reputation: 29
Quote:
Originally Posted by llkltk View Post
Buyer's market depending on what area you buy. Perhaps it's a buyer's market in Pflugerville, but maybe somewhere else it is not.
how so?
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 03:12 AM
 
Location: Austin, Texas
22 posts, read 23,632 times
Reputation: 26
Quote:
Originally Posted by newie80 View Post
how so?
Like basically anywhere in central Austin.
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 06:44 AM
 
2,297 posts, read 2,958,814 times
Reputation: 1191
There are always more houses on the market in the Spring. People typically don't want to show/sell a house or move during the holidays and families don't want to move during the school year.
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 07:26 AM
 
Location: Austin, Texas
35 posts, read 78,039 times
Reputation: 27
Another way to parse it, is to look at the home price. A greater than six month inventory is normally the definition of a Buyer's Market. At present, it is a Buyer's Market for homes above $200K in value. And if you are fortunate enough to be buying a home > $500K in value, the inventory level is > 12 months.
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 07:28 AM
 
Location: 78747
3,203 posts, read 2,468,184 times
Reputation: 915
So typically, the more expensive the home, the larger the bath the seller is going to have to take?
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 08:55 AM
 
Location: Austin, Tx
296 posts, read 479,240 times
Reputation: 176
Quote:
Originally Posted by rpowell View Post
Another way to parse it, is to look at the home price. A greater than six month inventory is normally the definition of a Buyer's Market. At present, it is a Buyer's Market for homes above $200K in value. And if you are fortunate enough to be buying a home > $500K in value, the inventory level is > 12 months.
Thank you for that excellent summary. A realistic view of the current market.
Reply With Quote Quick reply to this message
 
Old 01-31-2011, 12:00 PM
 
Location: Austin, Texas
544 posts, read 875,846 times
Reputation: 144
Quote:
Originally Posted by jobert View Post
So typically, the more expensive the home, the larger the bath the seller is going to have to take?

wouldn't that depend on what the seller had in the transaction??

i lived out in a West Texas farming community in a previous life and the way many farmers calculated profit was if they could have sold a bushel of wheat for $1.50 and ended up selling it for $1.40, then they lost 10 cents a bushel on the crop and were pretty incensed about having to take a "loss" --

Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Austin
Similar Threads

All times are GMT -6. The time now is 02:01 AM.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top