February data is in – my fellow data nerds, here’s a quick summary of what’s going on in the market:

• For my Buyers: the average 30-year mortgage rate has dropped in recent weeks, down 6.6% from a high of 7.1% in January. As the spring market takes shape, Central Austin buyers have lots of choices (3,603 to be exact) and increased negotiating power, so the prices you see may not be the price you pay.
• For my Sellers: if you’re thinking about selling this summer, now is the time to start talking to your Realtor®. Spring in Texas is the best time to get your property ready and photographed, while the grass is still green and you can still touch your steering wheel without oven mitts.