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
Want to Sell your Home? The Real Estate Center at Texas A&M University asked if I would write a blog article a couple of weeks ago directed to agents. The market has changed a lot in a very short time. As busy as I am, it has taken even me a minute to adjust, so it is hard to wrap my head around how hard it must be for new agents or even those less active than I. The article I wrote was about having a ‘show me the money’ meeting with buyers. Getting pre-approved for a loan doesn’t necessarily mean you have enough money to buy a home in Austin. It just means you qualify for a loan. 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.
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