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July 2017

There are 3 blog entries for July 2017.

Austin, Texas Real Estate Market Update and Statistics July 2017

Saturday, July 22nd, 2017 at 8:51am. 1,151 Views

Austin real estate statisticsMid-Year 2017 Austin Real Estate Statistics

For the first half of 2017, Austin-Round Rock Metropolitan Statistical Area home sales rose 2.8 percent year-over-year to 14,958 home sales, with median price increasing 6.4 percent year-over-year to $300,000, according to the Austin Board of REALTORS® June 2017 Central Texas Housing Market Report.. Active listings increased 15 percent and sales dollar volume increased 10.4 percent.

For the month of June 2017, home sales volume in the Austin-Round Rock MSA increased 4.4 percent year-over-year, and median price increased 6.6 percent to $314,000. Housing inventory increased 0.5 months to 3.1 months. Total dollar volume for home sales increased 12 percent over last June to $1,347,423,877.

“The Central

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Housing Prices Continue to Rise in Texas, Austin Highest Increase

Wednesday, July 19th, 2017 at 11:58am. 1,240 Views

Austin home pricesThe latest Texas Housing Insight report from the Real Estate Center at Texas A&M University shows that housing affordability is a challenge throughout the state of Texas. While, nationally, home prices have risen 7.4 percent since 2007, “The Federal Housing Finance Agency Housing Price Index shows Texas homes are 43.1 percent more expensive than they were in 2007," said Center Research Economist Dr. Luis Torres.

Some of the major metros within Texas have seen even higher increases in the last 10 years. Austin has seen the highest growth, with a 65.7 percent increase in Austin home prices since 2007. Houston is second with 55.7 percent growth. The Dallas-Fort Worth market has seen a 55.4 percent increase in Dallas and a 44.1 percent increase in Fort

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Texas, Austin New Home Permits Reach 10-Year High

Tuesday, July 18th, 2017 at 4:53pm. 994 Views

Austin new home constructionNew home single-family construction permits in Texas reached a 10-year high in March 2017, with 10,481 permits issued, an 11.5 percent increase, according to Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M University. Austin’s 1,547 new home permits were also the most the capital city has seen in a decade.  

“Texas led the nation in total permits issued and ranked fifth in permits per capita,” said Torres. “Construction permits increased significantly in the Texas Urban Triangle.”

Houston was number one in the nation for new home construction permits, with 3,543 permits issued, and Dallas was number two in the nation with 2,405 permits issued. Nearby Fort Worth experienced a 45.4 percent increase since January 2017 in

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