Austin real estate news for September 2023 is here. The Central Texas housing market shows that overall, the Austin Round Rock MSA is finding its footing. The number of closed sales and pending sales is continuing to increase year-over-year. August median sales prices while down compared to last year, were fairly consistent with July. Interest rates are still volatile, which continues to temper home prices.
According to the Austin Board of REALTORS® August 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced an 8.8% month-over-month increase in closed sales, a healthy indication of buyer confidence in the market. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.0 month to 3.8 months of inventory. The Austin housing market continues to show signs of resilience.
Austin real estate news August 2023 is here. The Central Texas housing market shows that overall, the Austin Round Rock MSA is showing signs of recovery. The number of closed sales and pending sales are increasing year-over-year, and the median sales price is stabilizing. However, interest rates are still volatile, which could put some downward pressure on prices in the coming months.
According to the Austin Board of REALTORS® July 2023 Central Texas Housing Market Report, closed listings increased 0.6% year-over-year to 2,815 closed sales across the AustinRound Rock MSA. When considering July 2022 is when the market initially began to stabilize, and when combined with pending sales rising 14.5% to 2,892 pending sales, the housing market is poised for a strong finish to 2023.
What makes a home a condo? I represent buyers and sellers all over Central Texas. When I’m not looking for specific buyers, I’m touring new communities. I have seen various types of condominium regimes and neighborhoods comprised of fee simple single-family houses. Think you can tell a fee simple house from a condo? Think again. The perception is that you can tell a single-family house or duplex from a condo just by looking at it. Truth be told, there is nothing about the style of a house that dictates its classification.Continue reading →
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.
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.
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