AUSTIN, Texas—According to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), the Central Texas housing market continues to exhibit strength despite economic challenges and shrinking housing inventory. In September, home sales across the Austin-Round Rock MSA soared 31.5% year over year to 3,892 sales. Historically this time of year home sales are slower, but because of decreased activity during the shelter-in-place orders due to the COVID-19 pandemic, the summer selling season extended into September. Continue reading
Tag Archives: market stats
Austin has plenty of real estate news
Austin is a bustling hot spot these days. The influx of new buyers and businesses moving to Austin has cast a wider net for housing development. To the east, the new Tesla gigafactory has propelled new construction near the area. Whisper Valley, a unique eco-community, is starting to pre-sell Phase 2 called Whisper Highlands and includes five different builders to date. To the west, sales and residential construction in the Westlake and Lake Travis areas are strong. The farther reaching development is partially a byproduct of the pandemic as buyers seek less dense areas and more personal space. Continue reading
Austin Real Estate Housing Market Update for August 2020
AUSTIN, Texas— Moving to Austin? As the summer real estate market season comes to a close, the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report indicates the Austin-area housing market continues to exhibit strength, despite economic setbacks amid the ongoing pandemic. The Austin-Round Rock MSA posted robust gains this August, as home sales experienced a double-digit increase of 12.9% year over year to 4,019 sales. Continue reading
The Austin Housing Market Continues to Rise
AUSTIN, Texas—According to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), the Austin-Round Rock Metropolitan Statistical Area (MSA) continues to exhibit resiliency in the face of COVID-19. The MSA posted its second consecutive month of strong home sales numbers with a 21.5% increase in July sales year over year. The robust increase demonstrates the vital role real estate will play as the region begins its economic recovery from the COVID-19 pandemic.
Austin Home Sales Rise in Median Prices, Units and Dollars across MSA
In addition to the 21.5% jump to 4,537 home sales across the five-county MSA, the median price increased 10.7% to $353,000 and sales dollar volume also soared 36.7% to $2,037,152,035. Pending sales climbed 32.2% to 4,607 as new listings increased 13% to 4,767, while active listings dropped 32.4% to 5,309 due to demand. Continue reading
Austin Boasts Record Setting Year and Decade for Real Estate Sales
The Austin Board of REALTORS® has reported that Central Texas REALTORS® sold more homes in 2019, than any other year on record. The December and Year-End Central Texas Housing Report echos the findings noting 33,084 in home sales and home sales and $13,158,737,333 in sales volume.
Austin area closes decade with record-breaking $13B in home sales: Single-family home sales increased by 84% since 2010
Real Estate News for December 2019
For data lovers out there, here are some numbers to know whether you are moving to Austin or within Austin. The Central Texas real estate market is headed for record-breaking sales this year. November home sales throughout the five-county Metropolitan Statistical Area (MSA) pushed the year-to-date total to 30,561 sales, which is approximately 300 homes shy of last year’s total sales volume.
From the Austin Board of Realtors – Each county experienced a double-digit increase in home sales; the city of Austin slightly rose 4.5% to 670 sales, according to the Austin Board of REALTORS® latest Central Texas Housing Market Report. Continue reading
Navigating Downtown Austin
Central Library
Last week I spent a bit of time downtown for work and play. For work, I showed some condos in the Posada Del Rey condominium community at 505 W 7th Street. If you haven’t heard of this community, that is partially due to its small size and has units available for lease more frequently than for purchase. While searching for parking, I circumnavigated the old Extended Stay Hotel, which will be the home of the new 6 X Guadalupe tower at 400 W 6th Street. This will be a mixed-use tower comprised of office spaces, 349 residences and ground floor retail. After driving around in a circle for a bit, realizing my parking karma wasn’t with me that day – I settled on a parking garage. Continue reading