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Austin Housing in Short Supply

April 17, 2021 1:27 pm

Homes in Austin TX are in super-short supply right now. Homes are selling almost as soon as they become available. In the past year, available home supply decreased by more than 70%. Under normal market conditions, there’s a six-month supply of homes for sale during the late winter months. In February 2021 the supply was less than two weeks. That means that in theory, every house currently for sale in the region could be sold in two weeks or less.

Sellers are receiving multiple offers on homes, as well as a higher number of cash offers than usual. Buyers are even agreeing to waive appraisals and inspections to sweeten their offers.

Demand for homes continues to intensify while supply shrinks. The population of the greater Austin area increased by almost 30% between 2010 and 2019, and is continuing to rise.

With a limited supply of homes on the market, the best way get the kind of home you want is to build it from the ground up. If you already know you want to live in the Austin area, the next step is deciding which new home community is right for you. We build in 7 planned new home communities in the region. These are beautifully designed and landscaped communities filled with amenities.

Once you narrow down your preferred communities, you can browse our home plans to find one that fits you best. Not all plans are available in all communities. With your home plan chosen and the communities you prefer in mind, you can choose your home site in a community that fits your home design, desired lifestyle and location.

Next you’ll finalize your selections and obtain financing. Then the next step is one of the most enjoyable: you’ll get a chance to collaborate with our designer to choose your design details such as flooring, lighting, cabinetry, countertops and more.

After building begins, we meet with you to tour the home during construction and after completion. The crowning moment is the closing, where you’ll receive the keys to your brand new dream home, designed just the way you want it and in the location you prefer!

Call or text Kyle today at 512-856-5664 or chat with him to start planning your new home in one of our communities of new homes in Austin TX.

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This post was written by Buffington Homes

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