Ready to Get Started? Interview Us!

Understanding the Market

Determining a Buyer’s, Seller’s, or Balanced Market Condition
  • The Absorption Rate & Current Inventory are good indicators of whether we are in a buyer’s or seller’s market.
  • In general, less than 3 months of inventory indicates a seller’s market & more than 6 months of inventory indicates a buyer’s market. 3 to 6 months of inventory indicates a balanced market.
  • When in a seller’s market, you have the luxury of pricing slightly high, because buyer’s have a lack of selection.
  • When in a buyer’s market, it makes sense to price competitively, because buyer’s have many options.

Calculating Absorption Rate & Inventory

Absorption Rate = # Solds / # of Months
Absorption Rate is the average # of sold properties per month

Months of Inventory = # of Properties on the Market / Absorption Rate
Inventory is how long it would take for all current properties to sell, given the current Absorption Rate.
Over 600 Client Reviews
My wife and I relocated to Austin from the east coast and didn't know a realtor in town, so looked online. We called a few different people and really seemed to click with Eric. He knows Austin very well, which is what we really cared about, since we knew little about the various Austin neighborhoods.…
Read More Reviews on Yelp
Read All on Yelp
Eric is such a fantastic realtor! I had a distressed home to sell and Eric gave me the advice I needed to list it at a price that would sell. His suggested price was right on, and the house sold in a week! Eric was always available and replied quickly to all of our questions.…
Read More Reviews on Google+
Read All on Google+
My wife and I found Eric online in 2011 when we were considering moving to Austin. Eric was very helpful showing around various neighborhoods during my business trips that made my decision to move to Austin easier. Unlike most agents, Eric also helped us find an apartment for around 6 months so that we could…
Read More Reviews on Zillow
Read All on Zillow
Call Now! 512-687-6290