Austin Market

The spring market is showing real signs of life, with pending units up nearly 12% on a Year Over Year (YOY) basis and total sales climbing 5.6%. Prices remain slightly lower YOY, but the trend lines are flattening and overall dollar volume increased more than 4%. Mortgage rates have pulled back from their late March highs and are settling in the low to mid 6% range, which is an improvement from wh