Austin real estate in March continues to tell the tale of what happens to the housing market when supply and demand drastically become out of balance. According to a recent article from the National Association of Realtors, the market nationally needs about $2.7 million homes to level out. That’s not only a lot of homes but considering there is a lumber shortage, even new home production cannot adequately make up the deficit. Continue reading →
The Austin real estate market continues to outpace itself. The Austin-Round Rock Metropolitan Statistical Area (MSA) closed 2020 by continuing to break records as housing market demand across Central Texas reached historic levels. Austin real estate market activity, according to the December 2020 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), a record-breaking 40,165 homes totaling $17,579,802,503 in sales volume were sold across the Austin area last year. 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 →
AUSTIN, Texas—According to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), the Austin-Round Rock Metropolitan Statistical Area (MSA) continues to exhibit resiliency in the face of COVID-19. The MSA posted its second consecutive month of strong home sales numbers with a 21.5% increase in July sales year over year. The robust increase demonstrates the vital role real estate will play as the region begins its economic recovery from the COVID-19 pandemic.
Austin Home Sales Rise in Median Prices, Units and Dollars across MSA
In addition to the 21.5% jump to 4,537 home sales across the five-county MSA, the median price increased 10.7% to $353,000 and sales dollar volume also soared 36.7% to $2,037,152,035. Pending sales climbed 32.2% to 4,607 as new listings increased 13% to 4,767, while active listings dropped 32.4% to 5,309 due to demand. Continue reading →
People who want to stay safe and shelter in place, but also want to buy a home, may be a bit confused about what their next steps should be. That’s great news because there is so much you should be doing and can be doing – from home. I tell buyers all of the time that looking at homes in person, is really the only fun part of the home buying process. Some people might disagree, but really if you consider the steps – you will probably agree. Some people stress about spending money. Not everyone enjoys a new time-consuming task to fit into an already filled day. I have also yet to meet someone who enjoys filling out paperwork.
There is paperwork aplenty. Back in the day, we printed everything and I used to include myself as one of those tree killers. Nowadays, so much of what I do is online, there is no guilt anymore. My buyers can buy a home completely paperless if they choose, but the paperwork still exists, now as online forms, and there is plenty of it. There are many forms that are required to be filled out in order to buy a home. All of that can take place on-line. All of it takes time. All of it can be done from the comfort of your own couch. Continue reading →