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Round Rock Real Estate Update

Real estate in Round Rock is mirroring our balmy summer temps… It is hot, hot, hot here!  And that’s despite an upward kick in mortgage interest rates recently (which still remain at overall historical lows).

In fact, August’s closed sales jumped 17.3% from the same period in 2012.  New listings were up 11.2%, and the market’s strong demand continued to gobble up the increase in inventory.  Meanwhile, the median sales price for August tipped $224,000, a four percent increase from August, 2012.  Days on market slimmed to 39 (year-to-date) and sellers, on average, received a whopping 98.5% of their original list price.

As strong real estate activity continued in Round Rock, buyers are crafting their offers to be more competitive and attractive to home sellers: often limiting closing costs credit requests, offering shorter escrow periods, and including loan pre-approvals (vs. simple, and often useless, pre-qualification letters).  The moral of the story?  The pendulum has poised itself on a “seller’s market.”

Could now be the time to upgrade to your dream home?  Enroll in a limited-availability ‘Round Our Town Elite Buyer or Seller Consultation today by registering at http://texaslora.com/round-our-town/ (or emailing lora@goodlifeteam.com) and mentioning this blog.  Find out how we deliver the fifth star and wow our clients at every touch point.

*This report uses the most recently-published Round Rock home sales data based on transactions that closed in August, 2013, and compares it to closings that took place during the same period last year (unless otherwise indicated).  Traditionally, closings occur four to six weeks after a contract is executed.  For that reason, the sales activity you see here trails the actual market conditions just slightly.

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