The Tapp Group

*Private Exclusive* Introducing 4107 Cat Hollow. A beautiful property tucked in the prestigious Northwest Hills neighborhood, renowned for its beautiful tree-lined streets, family-friendly atmosphere, proximity to all things Austin, and exemplary schools, this rare listing offers an incredible opportunity to enter this coveted neighborhood for under $1M.

🛏️ 3 bed
🛁 2 bath
🏡 1,819 sqft

Not listed on the MLS, DM to schedule a showing or for more info

*Private Exclusive* Introducing 4107 Cat Hollow. A beautiful property tucked in the prestigious Northwest Hills neighborhood, renowned for its beautiful tree-lined streets, family-friendly atmosphere, proximity to all things Austin, and exemplary schools, this rare listing offers an incredible opportunity to enter this coveted neighborhood for under $1M
🛏️ 3 bed
🛁 2 bath
🏡 1,819 sqft

Not listed on the MLS, DM to schedule a showing

✨New, Private, Off Market Listing in Travis Country! ✨
Introducing 5112 Crystal Water Dr. Don’t miss this fully updated, move-in ready home in southwest Austin’s highly sought-after neighborhood!

🛏️ 3 bed
🛁 2 bath
🏡 1,654 sqft
🚙 Flex room/ 2 car garage
✨ Listed at $730k

Join us for a Broker Open House this Saturday, 10/5 between 2pm-4pm or DM for more details!

Sold! [Buyer Represented] So happy for my buyers on securing this beautiful home in Scofield Farms. Scofield Farms is a great family-friendly neighborhood known for its tree-lined streets, well-maintained homes, and convenient location to the Domain and Downtown. Excited for my clients and grateful to be a part of this next chapter!

On Wednesday, the Federal Reserve lowered its federal funds rate by 0.5%, marking the beginning of a new chapter in residential real estate. The latest rate cut this week means lower mortgage interest rates, which is great news for anyone looking to buy (or refinance). A drop in rates often allows you to afford more home for your money or save on interest over time. It’s a perfect opportunity to jump into the market or upgrade to your dream home.

Slide to see >> some charts to highlight the historic and macroeconomic context of the Fed’s rate cuts:
1- To combat inflation, the Fed raised rates aggressively in 2022 and 2023. It’s been four years since we’ve seen a rate cut.
2- With the Fed rate cut already priced in, the daily average 30-year mortgage rate has been steadily decreasing already and is currently running a little above 6%. We expect it to continue creeping down
3- A lowering rate environment is generally good for stocks. If your clients have equities, they’re going to feel better about making a new investment in a property with a stronger stock portfolio
4- The general inflation rate dropped in August to its lowest reading (2.6%) since early 2021. The Fed’s mandated target inflation rate is 2%

The July Austin market stats are in! Overall, while the summer tends to cool down a bit, the steady increase in listings and stable pricing suggests that the Austin market remains resilient and contines to offer opportunities for both buyers and sellers. The full breakdown for both The City of Austin and the greater Austin- Round Rock- San Marcos MSA are below.

The City of Austin’s real estate market presented a generally positive outlook this month. Active listings rose by 6.5%, offering buyers more options than in previous months. The median sales price in Austin increased by 10.3% year-over-year to $585,000, reflecting the city’s continued desirability despite broader market fluctuations. The number of closed sales decreased by 5.4%, consistent with the regional trend of a slight slowdown in sales activity, which tends to be the case in the summertime. Homes in Austin are selling faster than in the broader metro area, with an average of 57 days on the market, up by 10.3% from the previous year. The months of inventory in Austin stood at 5.8 months, suggesting a healthy balance between supply and demand, with a slight lean towards a buyer’s market as more inventory becomes available.

The greater Austin-Round Rock-San Marcos MSA experienced steady market activity as well with a slight increase in active listings, up by 2.8% compared to the previous year and a modest rise in sale price of 3.5%, reaching $450,000. The average days on market increased to 63 days and the months of inventory remained relatively stable at 5.1 months, indicating a balanced market for both buyers and sellers.