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 →
The holidays bring out a plethora of emotions and this year real estate is doing that as well. There just aren’t enough homes out there for everyone who wants to move. The Austin Board of Realtors® does a great job creating the infographics I post every month. The data certainly tells the story, but the graphics really paint the picture. It is hard to express how hot the market is to people until I can actually show them. Some buyers think only the particular market they are looking in is hot. We are in a collective buyers’ blizzard right now. It is hot all over the Central Texas real estate market right now with no signs of cooling off. Continue reading →
AUSTIN, Texas—According to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), the Central Texas housing market continues to exhibit strength despite economic challenges and shrinking housing inventory. In September, home sales across the Austin-Round Rock MSA soared 31.5% year over year to 3,892 sales. Historically this time of year home sales are slower, but because of decreased activity during the shelter-in-place orders due to the COVID-19 pandemic, the summer selling season extended into September. Continue reading →
AUSTIN, Texas— Moving to Austin? As the summer real estate market season comes to a close, the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report indicates the Austin-area housing market continues to exhibit strength, despite economic setbacks amid the ongoing pandemic. The Austin-Round Rock MSA posted robust gains this August, as home sales experienced a double-digit increase of 12.9% year over year to 4,019 sales. Continue reading →
Recently sold this two-story majestic home located in the Covered Bridge neighborhood. Located at 8704 Samuel Bishop Drive in Austin Texas, the two-story home featured a four-sided masonry exterior with covered backyard patio area. The hillside location provides the perfect opportunity for sunset views overlooking the Texas Hill Country landscape. 8704 Samuel Bishop Drive is a five bedroom home with the main bedroom location on the first level. The home also boast a first floor office which offers the perfect work-from-home convenience homeowners are seeking today. The secondary bedrooms upstairs offer additional lifestyle flexibility for either secondary living space or a media room. In addiiton, to a plethora of closet space throughout the home, there are dual walk-in-attics which perform as two additional large walk-in closets. Continue reading →