A dream house can be in other people’s dreams. Growing up, I didn’t have any rendition of Barbie’s dream home. Instead, I had her country living house, which was a tad more modest having three rooms, a living room, a kitchen, and one bedroom, all on a single story. The rooms were equally sized and could hold about two people (dolls) comfortably. Continue reading
Austin real estate news from Doreen for July is here. If there is ever a month when we are living in a Barbie world, it’s June. Between the graduation parties, backyard barbeques, proms, vacations, planning for vacations, and summer camps starting – there’s an event around every corner. Homes for sale in Austin and beyond often take a dip for a few weeks this time of year with all of the social events.
June’s residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.7 months. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed.
Summer is here. The enticing pull of crystal-clear water to plunge into as Texas starts to reach its peak temperatures has begun. Just as Texas starts to heat up, so does the pull to look at homes for sale with pools. Real Estate in Austin has about 3.5 months of inventory. There just aren’t a lot of homes to choose from in general. Add homes with pools for sale to the mix and there are even fewer. Continue reading
Austin real estate news from Doreen for June is here. In May, median home prices dropped 15% to $467,500, year over year, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.4 months. The Central Texas market as a whole appears to have stabilized a bit for now. Mortgage rates are still a bit of a wild card right now. While it is still a sellers’ market, buyers are comparison shopping, sellers are negotiating and builders are still offering incentives.
The current Austin real estate market is a seller’s market, but with a small pool of buyers, sellers don’t hold all of the cards. There are enough homes for sale in Austin for buyers to have options and with choices there is power. This market is unique and Austin is still weird. Continue reading
Austin real estate news from Doreen for May is here. In April, median home prices dropped 15% to $466,705, year over year, according to the Austin Board of REALTORS® latest Central Texas Housing Report. The Austin Round Rock MSA housing inventory reached 3.2 months. Central Texas is outperforming national trends while continuing to balance
Resales vs new builds, home selling decisions, interest rates, home buying decisions, and builder incentives, the spring real estate market is just about over as we start to dip our toes into summer. You can see the market light up with the increase in listed homes and pending sales. Inventory is hovering at about 3 months in most counties in Central Texas. While it is still a seller’s market, it is also a bit of a make-it-work market with everyone feeling a bit like a squirrel in the middle of the road.
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