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June 2018

There are 3 blog entries for June 2018.

First Quarter 2018 Texas Housing: Sales Up, Prices Up

Monday, June 18th, 2018 at 9:50am. 864 Views

Austin housing salesFor the first quarter of 2018, Texas home sales and Texas home prices both increased, while inventory and active listings decreased, according to the Texas Association of REALTORS® Texas Quarterly Housing Report.

“The momentum from the end of 2017 has moved into 2018, as Texas homes continue to be in high demand,” said TAR Chairman Kaki Lybbert. “This strong activity we’ve seen in home sales volume during the first quarter of 2018 is setting the stage for a strong summer selling season for Texas real estate.”

Texas home sales for the first quarter of 2018 increased 2.2 percent compared to the first quarter of 2017, to 70,292 sales, and median price increased 5.7 percent to $224,500. Inventory dropped 0.2 months to 3.3 months, with approximately 6.5

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Texas Small Land Sales Increase

Monday, June 18th, 2018 at 9:12am. 796 Views

Texas land salesSmall land sales in Texas increased 8.5 percent to 7,588 sales in 2017, the fifth straight year for an increase, according to the Texas Association of REALTORS® Texas Small Land Sales Report. Sales total dollar volume topped $1 billion for the first time. However, the average price per acre experienced a 2.2 percent decline to $5,521 an acre.

“In recent years, small land sales have been a strong indicator of a healthy overall real estate market,” said TAR Chairman Kaki Lybbert. “With land sales increasing and price-per-acre declining slightly, we’re seeing a solid market for small land purchases for a wide range of uses, including recreation, residential, investment, commercial development and farm land.”

Small land sales in Texas typically are

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Austin, Texas Real Estate Market Update and Statistics June 2018

Friday, June 15th, 2018 at 3:10pm. 876 Views

Austin real estate statisticsAustin Housing Prices Up, Inventory Down

Historic highs and historic lows are now the norm in Austin real estate, with record-breaking median home prices and consistently low inventory levels. According to the Austin Board of REALTORS® May 2018 Central Texas Housing Market Report, the median price for an Austin home reached an all-time high of $389,000 in May 2018, an increase of 3.7 percent compared to May 2017. Inventory decreased to 2.0 months from 2.1 months, with an inventory of approximately 6.5 months considered balanced by the Real Estate Center at Texas A&M University. Sales overall rose 5.9 percent to 1,037 sales.

With the rising home prices in Austin proper, many homebuyers are looking to surrounding areas. Seven in 10 homes that were

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