Hi George-Vance, As we sail into February, I’m excited to share the Austin Metro rental/leasing data for our first month of the New Year! As always, I have been closely monitoring our investor and rental market activity in the Austin Metro Area and I am including the January 2024 statistics in this newsletter along with observations and notes. January 2024 SFR and Duplex Rental Stats below : Main Takeaways: DAYS ON MARKET (DOM) REMAIN HIGH One of two consistent trends continuing from 2023 to 2024 (for now) is that it's taking a lot more time to lease properties. The largest contributing factor for this in 2023 was due to the large increase in inventory available for lease on the market. However - a notable change in the inventory we see in January 2024 is that we have a decrease in new SFR listings YOY. I will continue to track inventory closely this year (along with everything else) in relation to DOM. We can combat Days on Market by focusing on TWO THIN...
A Residential Real Estate Blog covering the city of Austin, Texas. Highlighting "Off Market" along with Austin Silent Market Inc Real Estate Active MLS Properties for Sale & Lease. Proud Indie ATX Business Advocacy and Local Culture. Curated by Austin Silent Market Broker Associate = George Vance McGee 512.657.9281 direct & georgevance@gmail.com