Austin Real Estate News January 2023

Austin Real Estate News January 2023

Austin real estate news from Doreen for January is here. In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined and inventory increased, with homes on the market for 31 days, 11 days more than in 2021.

Continue reading

Austin Real Estate News December

Austin Real Estate News

Austin real estate news from Doreen for December is here. For the first time since February 2019, median home prices in the Austin-Round Rock MSA experienced a 0% year-over-year increase. The data is according to the Austin Board of REALTORS® November 2022 Central Texas Housing Market Report. As housing inventory and days on the market continue to steadily increase across the MSA, the report indicates normal market activity could be here to stay.   Austin’s housing market maintains its trajectory toward balance and sustainability. For the first time since the spring of 2020, there were no records broken for home sales or median price in either the MSA or the City of Austin.

Continue reading

Austin Real Estate News November

Austin Real Estate News

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.

Continue reading

Austin Real Estate News October

Austin Real Estate

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. 

Continue reading

Austin Real Estate News September

Austin Real Estate News September

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.

Continue reading

Austin Real Estate News August

Austin Real Estate News August 2022

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.

Continue reading

Austin Real Estate News July 2022

Austin real estate news

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.

Continue reading