Austin home sales keep getting hotter. The greater Austin area posted record-breaking gains in May, as the median home price reached an all-time high—for any month on record—of $465,000, while both home sales and sales dollar volume skyrocketed, according to The Austin Board of REALTORS® May 2021 Central Texas Housing Report. Continue reading
Central Texas March housing market data is out and the numbers certainly reflect the madness active participants have experienced first hand. The Austin real estate market continues to soar at a record pace. One thing to note here is that we essentially hit the pause button last year on March 13. Was I essential? Could I still show homes? When could we leave our home? I’m not saying it’s not crazy out there, but comparing March YOY specifically is a bit of an outlier in terms of data. Time will tell. Continue reading
Selling a home in Austin can be a strange experience as a homeowner right now. Austin is weird. Why should selling a home be any different? There are tons of mixed messages out there in terms of what to expect when selling a home in Austin. Yes, Austin is a hot real estate market. It’s been a hot market for years, that is not new news. What’s changed is the proportion of different buyers that make up the market.
Austin has always had an influx of new residents. In recent years, the amount of inbound out-of-state new buyers has increased at an exponential speed creating a new narrative when talking about Austin’s affordability. Continue reading
Austin real estate in March continues to tell the tale of what happens to the housing market when supply and demand drastically become out of balance. According to a recent article from the National Association of Realtors, the market nationally needs about $2.7 million homes to level out. That’s not only a lot of homes but considering there is a lumber shortage, even new home production cannot adequately make up the deficit. Continue reading
AUSTIN, Texas – Austin-Round Rock MSA home sales jumped 23.9% to 2,523 sales in January, according to the latest Central Texas Housing Market Report by the Austin Board of REALTORS® (ABoR).
Austin continues to turn heads with its newsworthy headlines showing the upward trend in prices and the continuous downward trend in inventory.
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.
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