What's Going on in the Real Estate Market? Let's Update You! (Buda)

The housing market is still strong, but it is starting to cool off. Home prices are still rising, but at a slower pace than in recent months. Inventory of homes for sale is starting to increase, which is good news for buyers. Interest rates are rising, but they are still relatively low compared to historical levels. This is also good news for buyers, as it means that they can still afford to buy a home.

Overall, the housing market is still in a good position, but it is starting to become more balanced. This is good news for both buyers and sellers, as it means that there is more competition and more choices for everyone.

Here are some tips for homebuyers in this market:

• Do your research and be prepared to act quickly. Homes are still selling quickly, so you need to be prepared to make an offer as soon as you find a home that you like.
• Be prepared to pay more than you might have expected (monthly). Home prices are still rising, but they are not rising as quickly as they were in recent months.
• Be patient. The housing market is still cooling off, so you may need to be patient to find the right home at the right price.

Here are some key points we believe will be important to you: 

The median price for a 4 bedroom house is listed for $479,995. The median price listed for rent will be $2,350. The average time these homes will be on market is for 66 days. 

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