Monthly Archives: December 2020

Make a New Home List and Check it Twice

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The holiday season is all about lists. We make them, check them twice, and then because it is 2020, we throw them away and start new ones. Austin made Santa proud this year by making Wallethub’s Best Cities for Christmas list. If we have learned anything this year, it is to be more adaptable. We all think we are flexible and able to bend, but that was challenged this year (and I don’t mean with yoga). Life truly can change at any moment. For introverts and fans of dystopian drama, like me, adapting to staying indoors away from the social scene has been relatively easy. I think I was more prepared for zombies, but I feel like we leaned a little closer to the Hunger Games. Continue reading →

Homes in Austin basically out of stock

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Finding a  single-family home, condo, or townhouse to buy in Austin right now is kind of like looking for toilet paper at your local grocery store.  According to the November Central Texas Housing Report released by the Austin Board of Realtors®, the Austin-Round Rock Metropolitan Statistical Area (MSA) posted a record-breaking month of sales this November.  Austin – RoundRock MSA home sales jumped 23.8% year over year to 3,397 sales, indicating no sign of slowing down heading into 2021.

Understand, houses are entering the market, new listings increased 5.7% to 2,762 listings, but active listings dropped 55.2% to 2,842 listings and pending sales increased 23.9% to 3,269 pending sales. Homes for sale in Austin are getting scooped and purchased up as soon as they hit the market due to the number of buyers out there. 

For the first time ever, housing inventory dipped below one month across the five-county MSA, falling from 1.2 months year over year to 0.9 months of inventory. Continue reading →