Austin Real Estate News October

Austin Real Estate

Austin real estate news market data for September showed the housing market continued to return to normal activity with more available supply and a softer appreciation of home price growth according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®.   The median price grew by 5.6% year over year to $470,000, a record for the month of September for the Austin Round Rock metro area.  Active listings were the head turner as they were up 162.4% to 9,671 listings—the highest number in the MSA since July 2011. 

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Austin Real Estate News September

Austin Real Estate News September

Austin real estate news market data for August showed the housing market continued to slow on price growth while still setting a record, according to the Austin Board of REALTORS® August 2022 Central Texas Housing Market Report. Median price grew by only 5.5% year over year to $496,039, a record for the month for the Austin Round Rock MSA but the first-time home price growth dipped below 6% since June 2020. The
region’s housing inventory reached 2.9 months — the highest level of inventory since September 2018.

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The Only Market is the Present One

Austin real estate market

Stay in the present. It is the only market that matters when buying or selling a home. Currently, the Austin real estate market is finding its footing as it starts to balance out. Some homes have had price adjustments, a portion has been sitting for a month or more, and others are selling in less than a week.
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Austin Real Estate News August

Austin Real Estate News August 2022

Austin real estate news market data for July showed the housing market continued to trend toward more normal and sustainable levels in July, according to the Austin Board of REALTORS® July 2022 Central Texas Housing Market Report. Median price grew by only 8% year over year to $515,000, a record for the month of July but the first-time home price growth has been in the single digits since June 2020. The
region’s housing inventory reached 2.7 months — the highest level of inventory since November 2018.

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Austin Real Estate News July 2022

Austin real estate news

Austin real estate news market data for June showed housing activity starting to ease off the throttle a bit and start pumping the brakes. According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory levels over two months in the Austin-Round Rock MSA for the first time since November 2019. Combined with a dip in residential home sales activity and slowing pace of home price growth in June, the data indicates a decelerating Austin housing market that is beginning to return to pre-COVID normalcy.

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Austin Real Estate News June 2022

Austin real estate news

Austin real estate news market data for May experienced a bit of a shift. According to the Austin Board of REALTORS® (ABoR), May Central Texas Housing Report residential sales declined 6.7% year over year to 3,633 closed homes.  The Austin-Round Rock MSA maintained the new record median price set in April, at $550,000, but the real story is the inventory improvement as active listings experienced triple-digit percentage growth year over year and inventory rose to over one month of inventory for the first time in seven months in all of Central Texas.

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Real Estate Inventory Reaches One Month

real estate inventoryThe real estate market doesn’t appear to be at base camp anymore. It’s climbed the mountain, possibly reached the summit, and now seems to be hanging out, smelling the remains of the May flowers. According to ABoR’s Central Texas Housing Market Report, the real estate inventory for all 5 counties that make up the Austin Central Texas Realty Information Service (ACTRIS) and Austin – Round Rock Metropolitan Statistical Area is now at a one-month supply. Continue reading