Looking to unlock the secrets to finding luck in today’s real estate market? Find tips for home buyers and advice for selling a home here. There’s been talk about the market slowing because it has. Talk about inventory growing because it is. However, it is important to note we aren’t quite in a market where a buyer is picking their neighborhood. Continue reading
Spring is here. What the calendar says at the time you are reading this is irrelevant if you are planning to move. For those wanting to spring into the Austin real estate market to buy or sell – act like it’s already here because trust me when I say April will turn into August in about a minute.
To be clear, we have been in a seller’s market for years. I have no crystal ball to indicate that is going to change. In the end, spring makes people happy and shopping often does too. Continue reading
Austin real estate news from Doreen for January is here. In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined and inventory increased, with homes on the market for 31 days, 11 days more than in 2021.
Austin real estate news from Doreen for December is here. For the first time since February 2019, median home prices in the Austin-Round Rock MSA experienced a 0% year-over-year increase. The data is according to the Austin Board of REALTORS® November 2022 Central Texas Housing Market Report. As housing inventory and days on the market continue to steadily increase across the MSA, the report indicates normal market activity could be here to stay. Austin’s housing market maintains its trajectory toward balance and sustainability. For the first time since the spring of 2020, there were no records broken for home sales or median price in either the MSA or the City of Austin.
Austin real estate news for November is here. October housing data continued its recent trend of more stable and sustainable appreciation, even while hitting $474,900—a record for the month of October. according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®. The data indicates the continued return to normal activity. Inventory also rose to 3.2 months of inventory, half the amount of housing inventory needed for a market to be considered balanced.
Homes for Sale or on Sale? There are two types of residential real estate on the market right now: homes for sale and others on sale. Pricing is a bit all over the place because homes don’t enter the market at the same time. Some were listed in May, others entered in August and more were placed on the market yesterday. The May market was very competitive and it’s also five months old. The May market doesn’t mean much today, and neither does June, July, or August for that matter. What matters is now which is why many home prices are decreasing.
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Austin real estate news market data for September showed the housing market continued to return to normal activity with more available supply and a softer appreciation of home price growth according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®. The median price grew by 5.6% year over year to $470,000, a record for the month of September for the Austin Round Rock metro area. Active listings were the head turner as they were up 162.4% to 9,671 listings—the highest number in the MSA since July 2011.