With the summer buying season coming to a close and the start of the school year less than two weeks away, it’s a good time to look back at the first half of the year and look ahead at what might happen during the final quarter of 2014.
The Lake Travis real estate market started off in 2014 where it left off in 2013 — with a low inventory of single family homes for sale. The demand started as early as February and it didn’t take long to see multiple offers start rolling in and competition between home buyers heat up.
Looking back now you can see that it wasn’t uncommon for the average days on market to be 10 days or less and the sale-to-list price ratio at 99% or above — meaning that most homes were selling at or above list price.
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