It is hard to truly wrap your head around the Austin housing market unless you are actively participating. I compare home buyers in this market to racehorses at the starting gate just waiting for the next house to come up for sale.
Tag Archives: market stats
Austin Real Estate Continues to Outpace Itself
The Austin real estate market continues to outpace itself. The Austin-Round Rock Metropolitan Statistical Area (MSA) closed 2020 by continuing to break records as housing market demand across Central Texas reached historic levels. Austin real estate market activity, according to the December 2020 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), a record-breaking 40,165 homes totaling $17,579,802,503 in sales volume were sold across the Austin area last year. Continue reading
Homes in Austin basically out of stock
Finding a single-family home, condo, or townhouse to buy in Austin right now is kind of like looking for toilet paper at your local grocery store. According to the November Central Texas Housing Report released by the Austin Board of Realtors®, the Austin-Round Rock Metropolitan Statistical Area (MSA) posted a record-breaking month of sales this November. Austin – RoundRock MSA home sales jumped 23.8% year over year to 3,397 sales, indicating no sign of slowing down heading into 2021.
Understand, houses are entering the market, new listings increased 5.7% to 2,762 listings, but active listings dropped 55.2% to 2,842 listings and pending sales increased 23.9% to 3,269 pending sales. Homes for sale in Austin are getting scooped and purchased up as soon as they hit the market due to the number of buyers out there.
For the first time ever, housing inventory dipped below one month across the five-county MSA, falling from 1.2 months year over year to 0.9 months of inventory. Continue reading
Real estate in Austin shows no signs of cooling down
There have been some beautiful days here in Austin, Texas. I think it feels extra good to be outdoors after a spring season spent mainly watching the news and a long hot summer. Learning how to survive, cope, and thrive in our new normal took time away from the outdoors, as we spent even more time in front of our laptops. COVID-19 has taken us through the many stages of grief for a variety of reasons, so even though fall is already upon us, spring is somehow in the air as we leave the laptops behind to line up to vote, get flu shots, and send the kids back to school. Overall, Austin has pivoted well to life’s new hurdles, while it is not immune to the toll it has taken on the bars, restaurants, and entertainment venues. The jobless rate is continually showing signs of improvement which may be turning even more people to look in Austin’s direction. The result is that new interest in Austin only increases the demand for housing. Continue reading
Austin home sales continue to soar
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
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