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November 2017

There are 3 blog entries for November 2017.

Texas Land Price Increases Slow

Thursday, November 30th, 2017 at 3:31pm. 833 Views

Austin hill country land pricesInterested in a piece of Texas land? A recent slowdown in price increases indicates this may be a good time to jump into the land market. According to a report by the Real Estate Center at Texas A&M University’s Charles E. Gilliland and Tian Su, Texas land markets in the third quarter of 2017 experienced their lowest year-over-year price increases since fourth quarter 2015. While the market still experienced an increase, the Center reports the “Texas land markets seemed headed for a breather” following a rebound the previous three quarters.

The statewide gain for land market prices was at 1.78 percent year-over-year. This “muted” price increase, compared to the levels of 2013 to 2015, was the result of 5,766 total land transactions, an active total

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Austin, Texas Real Estate Market Update and Statistics November 2017

Friday, November 17th, 2017 at 4:43pm. 1,006 Views

2017 on pace to be another record-breaking year

south austin homesThe real estate market for the Austin-Round Rock Metropolitan Statistical Area is poised for another record-breaking year in 2017, following an increase in home sales in October 2017. According to the Austin Board of REALTORS® Central Texas Housing Market Report, Austin-area single family home sales in October increased 2.2 percent over 2016 to 2,292 home sales.

Fueling this increase were county sales, with Travis County increasing 1.4 percent to 1,124 home sales, Williamson County increasing 5.4 percent to 794 home sales, and Hays County increasing 6.2 percent to 274 home sales. The city of Austin experienced a decline in home sales compared to last year, with a decrease of 1.7 percent to 699 home

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Texas Housing Market Rebounds after Hurricane

Wednesday, November 15th, 2017 at 5:34pm. 876 Views

Austin home salesEven after Hurricane Harvey in August 2017, which resulted in 71,000 uninhabitable homes, the Texas housing market experienced a rebound in September 2017, according to the Real Estate Center at Texas A&M University. The Houston market represents 25 percent of the Texas housing market, and with uninhabitable homes plus 270,000 damaged homes in the Gulf Coast metropolitan statistical areas, additional pressure has been placed on inventory as people search for new places to live. Houston sales postponed from late August to September also were a driving force in increasing Texas home sales 2.6 percent.

Sales did decline in many areas when compared to 2016’s record-breaking sales. Austin experienced a 4.5 percent decline in home sales, and Dallas

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