New Braunfels housing market struggles to keep pace with skyrocketting demand

A rapidly growing population, historically low interest rates and changing consumer needs have shifted the New Braunfels housing market into one of the most competitive in the area.

Between 2014 and 2019, U.S Census Bureau data states the population of New Braunfels grew by 46.99%, from 61,712 residents to 90,710, and the bureau named the city as one of the fastest growing cities in the nation in 2020.

As the city has expanded, the supply of existing and new homes for sale has struggled to keep pace with demand, as evidenced by a steady decline in months of inventory in the market according to area realtors.

Months of inventory indicates the amount of time it would take to sell all properties currently listed with no additional listings added, said Patricia Fernandez, 2021 president of Four Rivers Association of Realtors. When the

demand for homes outpaces active listings, Fernandez said months of inventory decline and prices rise as the market becomes a seller’s market.

Full article https://communityimpact.com/austin/new-braunfels/economy/2021/04/01/new-braunfels-housing-market-struggles-to-keep-pace-with-skyrocketting-demand/