Violet Leff
    Violet Leff
    (650) 814-6629violet@teamprice.com
      • Market Report
      • Search
      • Areas
        • Downtown Austin
        • Crestview
        • Tarrytown
        • Westlake Hills
        • Austin
        • Cedar Park
        • Round Rock
        • Barton Hills
        • Bastrop
        • Buda
        • Fort Hood
        • Hutto
      • Properties
        • Search Properties
        • Featured Properties
      • Insight
      • Market Update
      • Resources
        • Buyers Resources
        • Sellers Resources
        • Helpful Tips
      • Articles
      • About
        • Meet Violet Leff
        • About Team Price
        • Testimonials
      • Contact
      • Violet Leff(650) 814-6629
        violet@teamprice.com
        Copy Email
      • Team Price Real Estate
        7320 N Mo-Pac
        Austin, TX 78731
        (512) 213-0213
        dan@teamprice.com

      About

      • Contact Me
      • Testimonials
      • About
      • Home

      Explore

      • Property Search
      • Areas
      • Featured Properties
      Violet Leff - Footer Logo
      • Texas Real Estate Commission Information About Brokerage Services
      • Texas Real Estate Commission Consumer Protection Notice
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2025 Team Price Real Estate. All rights reserved.
      Website built by CloseHack.
      Central Texas Multiple Listing Service

      Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Violet Leff may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.

      Austin Board of Realtors

      The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

      • MLSGrid IDX Data Notice
      • DMCA Notice
      Get Ready for 2024

      Get Ready for 2024

      Published 02/23/2024 | Posted by Violet Leff

      The 2024 selling season has begun and so far the outlook is positive. Several data sets indicate this.

      The first set of data we look at closely is the Activity index which indicates the level of demand and rate at which properties are being absorbed in a given area. We calculated this for the 30 cities and 75 zip codes in our metro. Currently, 80% of the 30 cities have an index of over 25% as seen in the chart below. 76% of the 75 zips in the metro have an activity index over 25%. The index represents the ratio of pending sales as a percent of the total active and pending listings.

      Higher Activity Index values indicate a faster-paced market with increased demand, while lower values suggest slower sales and potentially more negotiating power for buyers. See below the chart for a breakdown of the Activity Index and its implications.


      * Less than 10%: Cold market – Represents a challenging market for sellers, with an abundance of inventory and reduced buyer   interest. Price reductions and longer time on the market may be necessary.
      * Less than 15%: Cooler market – Indicates a slower-paced market, with more supply than demand. Buyers may have more bargaining power, and sellers may need to be more competitive with their pricing.
      * Over 25%: Healthy market – A balanced market with a steady pace of sales and around 4 months of inventory. Buyers and sellers can expect a more predictable experience.
      * Over 50%: Great market – High demand and limited inventory create a favorable environment for sellers, who can expect quicker sales and potentially multiple offers.
      * Over 75%: Extremely hot market – An exceptionally strong market, with homes selling rapidly and often above the asking price. Buyers may face fierce competition, and sellers can capitalize on the high demand.
      * 100%: No active homes on the market – All properties are pending, indicating extreme demand and a shortage of available inventory.


      The other data we look at is“type of market” which indicates sellers, buyers or neutral. 2023 saw a shift away from the very hot sellers market of 2021-22. Today the market is more balanced both by city and by zip code.

      Related Articles

      Keep reading other bits of knowledge from our team.

        Request Info

        Have a question about this article or want to learn more?