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November 2016

There are 3 blog entries for November 2016.

Austin, Texas Real Estate Market Update and Statistics November 2016

Friday, November 18th, 2016 at 6:14pm. 1,016 Views

Austin Home Sales Increase, Central Texas Sales Decrease in October 2016

avery ranch homesIn a reverse trend of recent months, sales for single family homes within the City of Austin rose in October 2016 and sales declined across the larger Austin-Round Rock Metropolitan Statistical Area, according to the Austin Board of REALTORS®’ October 2016 Central Texas Housing Market Report.

Austin home sales increased 7.5 percent compared to October 2015, to 703 home sales. Median price increased 6.5 percent year-over-year to $332,250, and inventory saw a 0.2 month increase to 2.2 months.

In the Austin-Round Rock MSA, home sales decreased 3.1 percent to 2,219 home sales. Median price increased 9.3 percent compared to October 2015 to $279,000, and inventory was up 0.1

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Third Quarter Shows Home Price Increases and Slight Dip in Sales

Wednesday, November 16th, 2016 at 5:57pm. 1,099 Views

Austin homes for saleAustin-area

Single-family home prices in the Austin-Round Rock area were up 7.7 percent to $279,900 in the third quarter of 2016, according to the Texas Association of Realtors®’ Texas Quarterly Housing Report. The number of single-family homes sold was down one percent compared to the third quarter of 2015, to 9,249 sales.

Of the homes that sold, 19.98 percent were $199,999 or less, 65.78 percent were between $200,000 and $499,999, and 14.24 percent were over $500,000. Previous reports have attributed the slowdown in sales in the Austin market to tight inventory supply and higher prices, which are leading buyers to the small cities around Austin.

The number of active listings was up 12.4 percent to 7,579. There was an inventory supply of 2.8

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Austin-area Home Starts Near Pre-Recession Levels

Monday, November 7th, 2016 at 5:29pm. 1,129 Views

Austin new home constructionAustin-area home starts hit their highest level in six years in 3Q16, nearing the peak level that occurred in 2006, according to Metrostudy. Its survey of the Austin housing market showed a total of 4,067 home starts, near the 4,387 home starts that occurred 1Q06. The report stated the third quarter numbers imply a “ramping up” of spec inventory in order to meet year-end goals. The new home starts pace for the year is 13,402 units, the highest in almost nine years.

“Though Austin is growing more competitive given the recent and pending opening of new subdivisions as well as new builders in the market, overall the market is performing well,” said Vaike O’Grady, Regional Director of Metrostudy’s Austin market. “Demand shows no signs of easing, and supply

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