Introductory Market Review

When it comes to a market update, we look at a few things to determine the state of the market and predict how things will move in the coming months.

Months of Inventory

This is probably one of the most utilized metrics, so it’s essential to understand. This is a measure of how many buyers, on average (seasonally adjusted), there have been each month compared to the number of homes currently on the market. More or less, this metric shows the supply and demand relationship in a given market. It’s important to note that this is generally given as an average for a given market. Still, it also varies significantly by price range, with the higher price ranges typically trending towards the higher months of inventory due to the reduction in buyers who can afford those higher prices.

Days on Market

This metric is easier to understand intuitively. It shows the average number of days it takes for a property to be marketed and closed. The actual days on the market (DOM) will vary significantly based on the price range, the pricing strategy, and the property's condition.

Current Economic Data

Generally, economic data is relatively stable. This has not held true for the past few years since COVID messed everything up. As our country and the world works towards stabilization of their economy, economic metrics such as inflation rates, jobs, and federal reserve decisions are going to weigh heavily on the state of the market.

Current Events

As we know, markets are always subject to the ebb and flow of public opinion. That opinion is generally tied to what is going on in the world as a whole. Whether there’s a pandemic, wars, major business scandals, or subprime lending, we’re going to see an effect at some point regarding those events. It may not always be immediate, but these can be utilized to help predict long term trends.

Other Important Topics

There are tons of additional items that will be important to you as a consumer, and I want to touch on them. The market updates will include topics such as:

• Average interest rates
• Special loan programs
• Popular alternative investments
• Regulations surrounding investment types
• Local changes specific to Central Texas (the Ft Hood and Austin areas specifically)
• Anything else deemed essential or interesting

For questions on market updates or to talk about if it’s an excellent time to buy or sell, contact me at 512-803-7226 or message me through the contact me page on this website.

If there’s a topic you’re particularly interested in, get in touch with me at:

512-803-7226 or JankovichRealEstate@gmail.com