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Market Conditions in 78732 : Real Estate Advice

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  • Home Buying6
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Activity 1
Mon Feb 21, 2011
Kevin answered:
A lot has to do with the are inventory, mortgage market and documentable income and financial ability.

As of 11:00AM EST Wells Fargo ( posted the following:

Large 30 year Loans Fixed 5.250% with 5.390% APR
Large 30 year Loans FHA 5.000% with 5.835% APR
Jumbo 30 year Loans 5.375% with 5.516% APR

Austin area wide a/o the end of January the 12 Month Of Inventory (MOI) averages.

200-299,999 the average MOI was 5.61
300-399,999 the average MOI was 5.61
400-499,999 the average MOI was 7.06
500-749,999 the average MOI was 8.61

Note: the MOI average calculation varying by area for a specific period of time (CI / ASM = MOI)

Your agent should be able to help determine the MOI, pricing and probability of selling in your specific market.
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