Austin-Round Rock MSA housing market continues to balance, outperform national trends
May 16, 2023Market is withstanding broader economic conditions AUSTIN, Texas — The Austin-Round Rock MSA housing market is outperforming national trends while continuing to balance, according to the Austin Board of REALTORS® April 2023 Central Texas Housing Market Report. The most recent National Association of REALTORS® data (March 2023) found that home sales declined 22.7% nationally while inRead More
Texas Home Sales Seasonally Trending Upward
May 11, 2023Texas home sales are trending upward as we move through the second quarter of 2023 but are lower than pre-pandemic sales levels, primarily due to higher interest rates. Housing demand grew for two consecutive months, with total Texas home sales gaining 7.8 percent and 3.7 percent for the last two respective months, according to a TexasRead More
Large Land Sales Slow in Texas
April 21, 2023Large land sales in Texas have slowed from their feverish pace, but prices continue to rise, according to “Texas Land Market Latest Developments” by the Texas Real Estate Research Center. Annual sales for large land sales in Texas decreased 26.3 percent year over year in the fourth quarter of 2022, while quarterly totals decreased 25.8Read More
Central Texas housing market ends quarter with momentum for both buyers and sellers
April 18, 2023Job growth and mortgage rates fuel a demand-driven housing market AUSTIN, Texas — Austin-Round Rock MSA housing inventory topped 3.0 months in March, while an increase in new and active listings indicates favorable market conditions for buyers and sellers, according to the Austin Board of REALTORS® latest Central Texas Housing Report. “This spring has usheredRead More
Austin-Round Rock MSA adds housing inventory as home builder confidence grows
March 16, 2023AUSTIN, Texas — In February, home buyers continued to gain leverage across the Austin-Round Rock MSA as housing inventory increased to 2.6 months according to the Austin Board of REALTORS® latest Central Texas Housing Report. This increase in supply fuels growing confidence in the market from REALTORS® and home builders across Central Texas. “Austin’s housingRead More
Texas Economic Outlook Remains Robust
March 6, 2023The Texas economy continues to perform, even with national headwinds. “Despite stubborn inflation growth and overall economic uncertainty, the Texas economy has remained robust,” stated a monthly economic report from the Texas Real Estate Research Center. Employment has continued to increase, and the Texas economy created 29,500 new jobs in December. As a result, theRead More
Construction to Begin on Four Seasons Private Residences
March 2, 2023Construction on the Four Seasons Private Residences Lake Austin will begin June 1, 2023, according to filings by Hines and Austin Capital Partners, as reported by Connect CRE. The expected cost to build the project is $830 million. “The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatchedRead More
Austin-Round Rock MSA housing market continues to normalize; REALTORS® report recent uptick in activity
February 17, 2023Despite price decreases and inventory gains, region needs more housing AUSTIN, Texas — In January, median home prices dropped 6.3% to $450,000, the largest price drop since July 2011, according to the Austin Board of REALTORS® latest Central Texas Housing Report. Despite the price decrease, monthly housing inventory stayed flat at 2.7 months of inventoryRead More
Central Texas housing market set price records, shifted towards buyers in 2022
January 18, 2023Region now has more inventory, increasing interest rates and construction costs contributing to affordability issues AUSTIN, Texas – 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 BoardRead More
More Million-Dollar Homes Sold in Texas in 2022
January 17, 2023Over one quarter of Austin homes sold for $1 million or more The number of Texas homes that sold for $1 million or higher increased 17 percent in a year-over year comparison, based on sales from November 2021 to October 2022. This according to the Texas REALTORS® 2022 Sales of Million-Dollar Homes in Texas Report,Read More
