Austin Real Estate and Central Texas Market Optimistic

Austin real estate news l homes for sale in AustinAUSTIN, Texas — The latest Austin real estate news includes a first market analysis of the year released by the Austin Board of REALTORS® and shows an increase in residential homes sold, up 4.3% year-over-year to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings, according to the latest Central Texas Housing Market Report. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024.

Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS, noted that although still elevated, the recent decline in mortgage rates is contributing to lower home prices and the increase in closed sales activity.

Continue reading

Austin Real Estate Chills: Prices Stabilize December 2023

Austin real estate market news for January 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA experienced a decrease in residential homes sold down 8.9% year-over-year to 2,295 total sales that resulted from a drop in demand. The decline in inventory turnover leveled Austin home prices a bit, with interest rates playing a key role in cooling off the market in 2023.

According to the Austin Board of REALTORS® December 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced an increase month-over-month in closed sales by about 230 units. Sellers met the market where it was as buyers were challenged by some of the highest rates of the year.  Pending sales month-over-month were also up by about 20 units but seasonally comparing year over year, December was up by 13%.

Continue reading

Find A Home for the Holidays: Austin Real Estate Market Tips

Santas workshop in Zilker Park. Finding a home. Austin real estate market advice. Home buying tips. Home selling tips. Advice from real estate expert, Doreen Zelma, Realtor, Broker Associate The holiday season is officially upon us. ‘Tis the season to make those lists, check them twice, and then rewrite them. Here is some Austin real estate market advice on those wants and needs in your next home including home buying tips, home selling tips, and how to check that must-have list twice. Continue reading

Austin Real Estate is Lit Up with More Homes, Lower Prices

Austin Realtor l Central Texas real estateAustin real estate market news for December 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA dropped 8.4% to $424,450 last month. The market is now illuminated with an abundance of homes, lower interest rates, and more attractive price tags. If you’ve been dreaming of owning a piece of Austin magic, now might be the time to step out of the cold and into a warm, welcoming home.

Continue reading

Austin Real Estate Market on the Move: November 2023

Austin real estate market news for November 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA experienced an increase in residential homes sold rising 4.1% year-over-year to 2,337 total sales demonstrating that buyers are finding value in the market despite higher interest rates. October median sales prices dipped 7.5% and spent an average of 21 more days on the market year over year.

According to the Austin Board of REALTORS® October 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced a decrease month-over-month in closed sales by about 50 units. Housing inventory is the best it has been in years and buyers are showing up.  Pending sales month-over-month are also down by about 50 units but seasonally comparing year over year, October was up by 12%.

Continue reading

Selling Homes with Good Chi

selling homes with good chi l home selling advice

Selling homes with good chi is no different than working with people with good energy. They both make you feel good.  I have always been gifted with clients radiating great energy. How often do we think about homes having positive vibes too?

Understanding some basic principles of Feng Shui can help bring you and your home back into balance.  A stress-free home is not only important for every homeowner, but it is important to a potential buyer as well.  A happy home is easier to sell. Continue reading

Austin Real Estate News October 2023

Austin real estate news October 2023Austin real estate market news for October 2023 is here. The Central Texas housing data shows that the Austin Round Rock MSA reached 4.0 months of inventory, the highest level in more than eight years. There was a drop in closed sales along with median prices indicating affordability and higher interest rates are tempering the market. September median sales prices were down 4.3% and spent an average of 24 more days on the market year over year.  

According to the Austin Board of REALTORS® September 2023 Central Texas Housing Market Report, the Austin-Round Rock MSA, experienced a decrease month-over-month in closed sales, indicating the market has cooled a bit. Housing inventory is the best it has been in years.  Cash buyers or those who can work with the financing options available, have a bit of a selection right now.  Those choices are creating a more competitive market for sellers  as home sales slow. 

Continue reading