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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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.
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.
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 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.
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.