Austin real estate news from Doreen for January is here. In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined and inventory increased, with homes on the market for 31 days, 11 days more than in 2021.
Are you looking for Austin homes for sale or on sale? You can find both types in any home search but they are very different. Price adjustments are consistent right now because homes don’t enter the market at the same time. Some were listed in August, others joined in September, and more were placed on the market yesterday. The August market was trying to rekindle the gold rush of home prices from the spring and winter months. August is also six months old. The September market doesn’t mean much today either. What matters is now which is why many home prices are decreasing.
It’s the most wonderful time of the year, or so the song goes. Is it the most wonderful time to buy a house? That all depends.
The best time to buy or sell a house is when it’s your best time. There is a list of tasks to be checked off regardless of what side of the table you sit on. Waiting to take advantage of the market du jour will result in missing it. It takes work to buy or sell a home and anything that takes effort generally takes time.
Austin real estate news from Doreen for December is here. For the first time since February 2019, median home prices in the Austin-Round Rock MSA experienced a 0% year-over-year increase. The data is according to the Austin Board of REALTORS® November 2022 Central Texas Housing Market Report. As housing inventory and days on the market continue to steadily increase across the MSA, the report indicates normal market activity could be here to stay. Austin’s housing market maintains its trajectory toward balance and sustainability. For the first time since the spring of 2020, there were no records broken for home sales or median price in either the MSA or the City of Austin.
Looking for Austin real estate deals? Ready to buy a home or sell one? It’s time to make a move because Austin real estate is in a let’s make a deal market. Buyers who are serious about passing go can find their match with a seller ready to move on.
Home prices are up over last year, but the incline is now a steady slope. Interest rates are somewhat stable right now and inventory is high enough to have choices. There are plenty of real estate deals to be had out there for those that want to play. Price reductions, closing cost allowances, and rate buy-downs are all the rage.
Austin real estate news for November is here. October housing data continued its recent trend of more stable and sustainable appreciation, even while hitting $474,900—a record for the month of October. according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®. The data indicates the continued return to normal activity. Inventory also rose to 3.2 months of inventory, half the amount of housing inventory needed for a market to be considered balanced.
Homes for Sale or on Sale? There are two types of residential real estate on the market right now: homes for sale and others on sale. Pricing is a bit all over the place because homes don’t enter the market at the same time. Some were listed in May, others entered in August and more were placed on the market yesterday. The May market was very competitive and it’s also five months old. The May market doesn’t mean much today, and neither does June, July, or August for that matter. What matters is now which is why many home prices are decreasing.
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