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October 2016

There are 3 blog entries for October 2016.

Austin, Texas Real Estate Market Update and Statistics October 2016

Tuesday, October 18th, 2016 at 5:13pm. 704 Views

Austin-area Home Sales and Prices Continue to Rise

regents house austinThe median price for Austin-area single-family homes increased to $275,250 in September 2016, an increase of 7.5 percent compared to September of last year, according to the September 2016 Central Texas Housing Market Report by the Austin Board of REALTORS®. Home sales in the Austin-area rose 1.3 percent to 2,576 home sales.

Days on the market was unchanged at 47 days, and inventory increased .1 month to 2.7 months. The total dollar volume of Austin-area home sales was approximately $887 million, an increase of eight percent.

Most of the Central Texas residential real estate activity is occurring outside the city limits. In September 2016, fewer than 20 percent of homes sold in Central Texas

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What’s the Least Expensive Month to Buy a Home in Austin?

Thursday, October 13th, 2016 at 1:17pm. 1,029 Views

Rollingwood homesHome buying in January might land buyers a much better deal. This is according to Nerd Wallet, which used Realtor.com data to determine that the least expensive month to buy a home in Austin, Texas is in January. And it’s no small matter: based on a two-year average of median sales prices, buying a median-range home in January could save buyers about $24,000.

In Austin, the report found that the summer house price (the two-year average of the median sales price) was $256,132. The fall price was $250,565, a drop of 2.2 percent. The cheapest month to buy was January, when the median house price was $232,500, a drop of 9.2 percent.

The report found that home sale prices in all large United States metro areas typically peak in the summer, dip in the

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Austin Number Two in Nation for Net Migration

Friday, October 7th, 2016 at 1:28pm. 854 Views

austin skylineAustin takes the number two spot in the nation among large metro areas for its net migration, according to U.S. News and World Report’s list of the “The 20 Best Places People Are Moving to in the U.S.”

Austin, which also has been named the #2 best place to live in the U.S. by U.S. News and World Report, had net migration growth of 8.86 percent between 2010 and 2014. The report says Austin ranks “highly for desirability and has a blossoming job market for the high tech industry.” According to the report, Austin has a population of 1,835,016, a median home price of $240k, and median income of about $48k. 

The rankings were based on population growth by net migration for the 100 largest metro areas in the United States from 2010 to 2014, using U.S.

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