January Home Sales Rise as Inventory Continues to Decline

Posted on by

The law of supply and demand continues to ring true in central Texas, as the greater Austin area prices are still on the rise.  The first Central Texas Housing Market Report of the year shows steady gains in both home sales and prices across the five-county Austin-Round Rock Metropolitan Statistical Area (MSA), according to the Austin Board of REALTORS® (ABoR).

Austin – Round Rock Real Estate Market Statistics for January 2020

In the Austin-Round Rock MSA, residential home sales in January rose 8.5% to 1,947 home sales, with a 9.6% sales dollar volume increase to $726,157,216. During the same period, new listings decreased 14.3% to 2,723 listings, and active listings decreased 24.1% to 4,889 listings. However, pending sales jumped 13.1% to 2,956 pending sales. Monthly housing inventory declined 0.6 months year over year to 1.6 months of inventory. Continue reading →

Austin Boasts Record Setting Year and Decade for Real Estate Sales

Posted on by

The Austin Board of REALTORS® has reported that Central Texas REALTORS® sold more homes in 2019, than any other year on record. The December and Year-End Central Texas Housing Report echos the findings noting 33,084 in home sales and home sales and $13,158,737,333 in sales volume.

Austin area closes decade with record-breaking $13B in home sales: Single-family home sales increased by 84% since 2010

Continue reading →

The Larger Austin Gets the Smaller it Becomes

Posted on by

Pay Austin a visit if you are planning to move back after living or having vacationed here in the past. Moving back to Austin requires a bit of a refresher course. Austin has changed greatly over the last decade and is continuing to evolve. The skyline alone has expanded quite a bit with skyscrapers now eclipsing one another annually. The landscape, population and job growth within the city have been taking turns outpacing one another for the last 10 years. Growth lends itself to convenience in some ways, adding greater variety in local eateries, retail stores and entertainment venues. The inconvenience comes with the reality that it is going to take you longer to get from point A to point B. Yes, Austin has been experiencing growing pains, and its residents along with it. Continue reading →

New Year – New Home

Posted on by

As we ring in 2020, many buyers have a new house on their list of new year’s wishes. Historically, December 28th and New Year’s Day are two of the busiest days of the year for real estate searches. One of the benefits of looking at homes this time of year, is with school out of session – it’s much easier to get around town. Continue reading →

Real Estate News for December 2019

Posted on by

Mozarts Coffee Roasters

For data lovers out there, here are some numbers to know whether you are moving to Austin or within Austin. The Central Texas real estate market is headed for record-breaking sales this year. November home sales throughout the five-county Metropolitan Statistical Area (MSA) pushed the year-to-date total to 30,561 sales, which is approximately 300 homes shy of last year’s total sales volume.

From the Austin Board of Realtors – Each county experienced a double-digit increase in home sales; the city of Austin slightly rose 4.5% to 670 sales, according to the Austin Board of REALTORS® latest Central Texas Housing Market Report. Continue reading →

Real Estate News for November 2019

Posted on by

Before we get into the news, I wanted to take a moment to say I’m thankful for you! Support Local Austin will be hitting 14 years soon, and that would not have happened without your loyalty. I am thankful for your business, friendship, referrals and support over the years. I have helped some families through 3 generations which is an amazing blessing and connection to have.

I wish all of you a very Happy Thanksgiving!

Now onto the news….. Continue reading →