Austin real estate news market data for June showed housing activity starting to ease off the throttle a bit and start pumping the brakes. According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory levels over two months in the Austin-Round Rock MSA for the first time since November 2019. Combined with a dip in residential home sales activity and slowing pace of home price growth in June, the data indicates a decelerating Austin housing market that is beginning to return to pre-COVID normalcy.
Category Archives: Downtown Condos
Homebuyers Ask If It’s Worth It
A year ago, homebuyers were more inclined to act on a macro level when looking at the low supply of available homes and the incredibly high demand. The supply is growing, which leads to more choices; giving buyers the ability to comparison shop. The market has shifted a bit to a micro level determining a home’s value based on the growing supply. Remember, a home is worth what a buyer is willing and able to pay. The ‘willing’ part is really key right now because it is more directly tied to a specific home, rather than any home. Continue reading
Austin Real Estate News June 2022
Austin real estate news market data for May experienced a bit of a shift. According to the Austin Board of REALTORS® (ABoR), May Central Texas Housing Report residential sales declined 6.7% year over year to 3,633 closed homes. The Austin-Round Rock MSA maintained the new record median price set in April, at $550,000, but the real story is the inventory improvement as active listings experienced triple-digit percentage growth year over year and inventory rose to over one month of inventory for the first time in seven months in all of Central Texas.
Austin Real Estate News May 2022
What does Austin real estate news market data look like currently? According to the Austin Board of REALTORS® (ABoR), April Central Texas Housing Report residential sales declined 6.2% year over year to 3,280 homes across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 19.6% year over year to an all-time high of $550,000, the Central Texas housing market continues to outpace itself.
Austin Real Estate News April 2022
What does Austin real estate news market data look like now? According to the Austin Board of REALTORS® (ABoR), March Central Texas Housing Report residential sales declined 5.9% year over year to 3,302 homes across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 22.6% year over year to an all-time high of $521,100, the Central Texas housing market continues to outpace itself.
Austin Real Estate News March 2022
What does Austin real estate news market data look like now? According to the Austin Board of REALTORS® (ABoR), February Central Texas Housing Report closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market.
Austin Real Estate News February 2022
What does the Austin real estate market look like? The Austin-Round Rock MSA housing market in January experienced an overall decline in closed sales compared to January 2021 as the number of closed listings fell 5.8% to 2,295, according to the Austin Board of REALTORS® latest Central Texas Housing Report.