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.
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.
The 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
Sold in Kyle. 411 Primrose Boulevard is a sweet home that checks plenty of boxes. It is a single-story home nestled within an established neighborhood. Located less than 1 mile from Steeplechase Park with Dog Park and Lake Kyle Park, and about 4.5 miles from I-35. Continue reading
What does Austin real estate news market data look like currently? According to the Austin Board of REALTORS® (ABoR), April Central Texas Housing Report residential sales declined 6.2% year over year to 3,280 homes across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 19.6% year over year to an all-time high of $550,000, the Central Texas housing market continues to outpace itself.