Austin Inventory Crisis (ft. Chris Jacobs) | Spyglass Realty
Posted by Ryan Rodenbeck on
We had Chris Jacobs of Housing Report to talk about where we’re at in this market. We spoke about what’s going on in the market in the past 12 months, graphs on Austin MSA average values, 5-20 years supply vs. demand, new vs. pending units, inventory, appreciation. We as well talked about the comparison of these graphs for the last 20 years, active prices per area, and predictions to look forward.
With the crazy inventory Austin has from the past couple of months, in June 2020, we started to consume available inventory faster than it was coming to the marketplace that was sustained for a solid six months. What it had done on the annual charts was used to see that for the last 20 years, we consumed 80% of what was available. Chris said…
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