Closed home sales in the Austin Texas real estate market, spanning the Austin-Round Rock-San Marcos MSA, saw a 4.6% increase, year-over-year reaching a total of 2,130 sold properties. The uptick indicates a positive sign for buyers and sellers as the market continues to stabilize, according to the latest Central Texas Housing Report. September’s lower mortgage rates and consistent sales activity earlier in the fall are cited reasons for the noted growth.  Continue reading
Austin Texas real estate active homes for sale across the Austin-Round Rock-Georgetown MSA increased 9.3% to 11,599 listings. That brought the months of available inventory to 5.1 months of inventory, up 0.5 months more compared to October 2023, according to the latest Central Texas Housing Report. The data coupled with the average close-to-list price ratio hovering at 92.7% indicates that buyers have more options to purchase a home they can afford in a high interest-rate environment while sellers still have some room to negotiate.  Continue reading
Austin Texas real estate sold homes across the Austin-Round Rock-Georgetown MSA decreased 2.6% year-over-year with 2,286 sales. That left 5.9 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 11.6% year-over-year. The median home price dropped by 6.6% to $425,000 indicating the region’s housing market is becoming more balanced, while still facing affordability challenges.  Continue reading
Austin real estate closed listings across the Austin-Round Rock-Georgetown MSA decreased 10.4% year-over-year with 2,591 sales. That left 4.9 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 15.4% year-over-year. The median home price dropped by 4.4% to $439,990 indicating more opportunity for buyers, though home prices need to decrease further to significantly impact sales growth across the region.
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Buyer’s remorse is real. We experience it all of the time in little ways. You cheat on your preferred brand of shampoo because of a sale and regret it the first time you use it. Bought a new shade of lipstick and your life didn’t change the way you thought it would? Participated in the latest diet fad, and only lost money? You live, you learn, you reboot – most of the time.
In real estate, buyer’s remorse isn’t that easy to wipe from your memory. Continue reading
Austin real estate closed listings across the Austin-Round Rock-Georgetown MSA decreased 3.5% year-over-year with 2,652 sales. That left 5.1 months of available inventory, according to the latest Central Texas Housing Report. Active listings increased 20.3% year-over-year. While inventory is high, remember markets are local. Sales increased outside of Travis County enough to keep the median sales price to $450,000, the same month-over-month.
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For home sellers entering the Austin real estate market today, the experience can be like deciding to drive for vacation on a holiday weekend.
It’s a great idea until you hit the road and realize how many others share that same thought.
Homeowners think ‘spring and summer are the right time to move and sell their houses. Due to affordability, current homebuyers think a staycation is in order. This has created quite the inventory traffic jam right now. The good news is that many sellers are ready to get off at the nearest exit, which creates an opportunity to negotiate for those buyers with cabin fever.
Add a swimming pool to the backyard and the story gets more interesting. Continue reading