Austin Texas real estate sold homes across the Austin-Round Rock-Georgetown MSA decreased 2.6% year-over-year with 2,286 sales. That left 5.9 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 11.6% year-over-year. The median home price dropped by 6.6% to $425,000 indicating the region’s housing market is becoming more balanced, while still facing affordability challenges.  Continue reading
When is the best time to buy a house? Many buyers think of springtime. The weather is nice to take a good look at a potential home on the outside, take a walk around the yard, and tour the neighborhood amenities.
Closing on a home in June or July also gives people a chance to transition schools over the summer. There are typically more choices too. April and May often give buyers the most inventory, because many sellers list their homes during that time. When considering the best real estate season, spring certainly makes sense. Continue reading
Austin real estate closed listings across the Austin-Round Rock-Georgetown MSA decreased 10.4% year-over-year with 2,591 sales. That left 4.9 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 15.4% year-over-year. The median home price dropped by 4.4% to $439,990 indicating more opportunity for buyers, though home prices need to decrease further to significantly impact sales growth across the region.
Continue reading
Buyer’s remorse is real. We experience it all of the time in little ways. You cheat on your preferred brand of shampoo because of a sale and regret it the first time you use it. Bought a new shade of lipstick and your life didn’t change the way you thought it would? Participated in the latest diet fad, and only lost money? You live, you learn, you reboot – most of the time.
In real estate, buyer’s remorse isn’t that easy to wipe from your memory. Continue reading
Austin real estate closed listings across the Austin-Round Rock-Georgetown MSA decreased 3.5% year-over-year with 2,652 sales. That left 5.1 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 20.3% year-over-year. While inventory is high, remember markets are local. Sales increased outside of Travis County enough to keep the median sales price to $450,000, the same month-over-month.
Continue reading
For home sellers entering the Austin real estate market today, the experience can be like deciding to drive for vacation on a holiday weekend.
It’s a great idea until you hit the road and realize how many others share that same thought.
Homeowners think ‘spring and summer are the right time to move and sell their houses. Due to affordability, current homebuyers think a staycation is in order. This has created quite the inventory traffic jam right now. The good news is that many sellers are ready to get off at the nearest exit, which creates an opportunity to negotiate for those buyers with cabin fever.
Add a swimming pool to the backyard and the story gets more interesting. Continue reading
AUSTIN, Texas —In June, closed listings across the Austin-Round Rock-Georgetown MSA decreased 13.4% year-over-year with 2,732 sales. That left 5 months of available inventory, the highest since 2011 according to the latest Central Texas Housing Report. Active listings increased 25.9% year-over-year. The amount of homes for sale coupled with elevated mortgage rates has tempered the median sales price to $450,000, a 6.3% reduction over June 2023.
Continue reading