Market Outlook:

• Extremely Low Condo Supply: Nationwide builder activity has been on a steady decline, down 30% over the last 5 yrs¹. Austin’s own downtown and upper end condo inventory continues to shrink (approx. 13% in the last yr)². With no one building new condos, Austin is left with only 400 unsold new condo units in the downtown corridor to last the next few years.

• Continued High Condo Demand: Austin is the 2nd fastest growing metro area in the nation³ (with Travis County alone growing 22.9% in the last 5 yrs⁴). In the past 6 months, high-end condo inventory has dropped approx 18%⁵ and average prices have started to rise. As Austin continues to grow and with nearly 25% of these new home buyers in urban areas likely to purchase an apartment or condo⁶, there will be extreme competition for these limited units.  These condos could be gone very quickly and represent a great investment opportunity right now.
  
  
• Do the Math: Interest rates are historically low⁷. There has never been a better time to lock in low rate financing for a real estate purchase. Interest rates, inventory and condo prices have aligned to create the perfect buyer’s market. Don’t miss your opportunity to profit from these trends.