Austin Real Estate continues to full steam ahead into the new year. According to the Austin Board of REALTORS® (ABoR) November 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market remains on track for a record-breaking year, even as November units dipped a little. Home sales across the MSA dipped 4.9% to 3,215 across the Austin-Round Rock MSA. This occurred even as the housing market remains on track for a record-breaking year, with closed listings outpacing 2020 by 3.1% last month.
The Austin Housing Market sat frozen with much of Central Texas last week, as the city sat with no power, no water, and no clear end in sight. If you’ve never heard my accent before, you may not be aware that I am originally from the Northeast coast. Growing up on the border of New York and New Jersey, I am used to snow. I am used to several feet of snow, having to wait for a plow to come through my street and then through my driveway just to be able to go to work. Yes, we drive in the snow on the east coast, it happens too frequently not to. There is a difference between driving in snow and ice though, and certainly a difference in having a 4WD vehicle. Continue reading →
The Austin real estate market continues to outpace itself. The Austin-Round Rock Metropolitan Statistical Area (MSA) closed 2020 by continuing to break records as housing market demand across Central Texas reached historic levels. Austin real estate market activity, according to the December 2020 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), a record-breaking 40,165 homes totaling $17,579,802,503 in sales volume were sold across the Austin area last year. Continue reading →
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 →
Like most of the world, Austin is preparing to celebrate the holidays like never before. For some, that means drive-thru events and virtual get-togethers. For others, it is beginning to look a lot like an early Christmas as trees are already coming out of storage and being decorated, It’s “Festivus for the rest of us”, as the late great Jerry Stiller gifted us in that memorable Seinfeld episode. That grievance pole is certainly coming out this year for sure, as everyone has a bone to pick with the year 2020. Continue reading →
Austin is a bustling hot spot these days. The influx of new buyers and businesses moving to Austin has cast a wider net for housing development. To the east, the new Tesla gigafactory has propelled new construction near the area. Whisper Valley, a unique eco-community, is starting to pre-sell Phase 2 called Whisper Highlands and includes five different builders to date. To the west, sales and residential construction in the Westlake and Lake Travis areas are strong. The farther reaching development is partially a byproduct of the pandemic as buyers seek less dense areas and more personal space. Continue reading →
I hope you and your families are in good health and good spirits as we collectively fight COVID-19. I have already connected with some of you and will continue to do so. Please reach out to me as well if you want to talk about real estate, are on the lookout for a supply you can’t find, looking for a new show to stream or are just bored and want someone different to talk to. Working from home can be very isolating, trust me I get it. I can certainly provide some tricks and tips to help you schedule your day a bit.
Austin Homes Sales are Strong
The Austin real estate market is strong, and that includes all of Central Texas. Yes, we have changed some business practices, but new homes are still coming on the market daily, houses are still being shown (with some precautions) and sold. Closings still happening virtually, with limited attendance and even taking place outside. Continue reading →