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Austin Real Estate Statistics

Statistics regarding Austin homes for sale provided by Austin realtors.

There are currently 178 blog entries related to this category.

First Quarter 2018 Texas Housing: Sales Up, Prices Up

Monday, June 18th, 2018 at 9:50am. 141 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. 110 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. 166 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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Austin Housing Starts Up Almost 18 Percent in First Quarter of 2018

Wednesday, May 23rd, 2018 at 11:37am. 238 Views

Austin new construction homesAustin housing starts for the first quarter of 2018 were up 17.6 percent compared to the first quarter of 2017, for a total of 4,064 housing starts, according to Metrostudy. Annual new home starts increased 4.5 percent to 16,457. Attached homes, generally more affordable than single family homes, have seen significant gains, with 353 percent growth in the last five years.

New homes also are selling more quickly, and closings have outpaced housing starts for the last two quarters. In the first quarter of 2018, there were 4,118 closings, compared to 3,108 in 2017, a 32.5 percent increase. Annual closings increased 15.1 percent, from 13,634 after the first quarter of 2017 to 15,699 after the first quarter of 2018.

Metrostudy’s Austin Regional Director

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Austin, Texas Real Estate Market Update and Statistics May 2018

Friday, May 18th, 2018 at 1:43pm. 345 Views

Austin real estate statisticsABOR report says all price ranges experiencing competition

All Austin area real estate price ranges are experiencing pressure due to limited inventory and high demand, according to the Austin Board of REALTORS® Central Texas Housing Market Report based on data from April 2018.

Pending sales in the Austin-Round Rock MSA increased 14.3 percent in April 2018 to 3,320 pending sales, while new listings were up 5.6 percent to 4,139 listings and active listings decreased 2.8 percent to 6,154 listings. Median price within the Austin-Round Rock MSA increased 3.8 percent compared to April 2017, for a median of $316,000. Inventory decreased 0.2 months to 2.4 months, well below the approximately 6.5 month supply that is believed to be balanced, according to the

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Austin, Texas Real Estate Market Update and Statistics April 2018

Friday, April 20th, 2018 at 10:57am. 421 Views

Austin real estate statisticsRecord-breaking March for Home Sales, Strong Summer Expected

Over 2,700 homes sold in March 2018 in the Austin-Round Rock Metropolitan Statistical Area, a 10.5 percent increase compared to March 2017 and the most sales ever in that month, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Total sales dollar volume increased 18.4 percent over March 2017 to a total of $1,071,274,938, and median home price was up 3.5 percent to $305,233. Inventory was down 0.2 months compared to March 2017 for 2.2 months of inventory.

“Last month, 2,714 single-family homes were sold in the five-county Central Texas region, which is more sales than any March we’ve seen on record,” said ABOR President Steve Crorey. “This type of growth early

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Texas’ Economic Outlook March 2018

Friday, March 23rd, 2018 at 3:50pm. 538 Views

Austin downtownA new report has been issued by the Real Estate Center at Texas A&M University for the Texas economy, and results continue to look strong overall thanks in part to a strong United States economy and increasing energy prices. Issued in mid-March based on January data, the report stated that housing affordability, potential volatility in energy prices, and trade uncertainty would be potential headwinds going forward into 2018.

Texas’ labor market continued to tighten, pushing the economy towards a full employment level, with Texas adding 16,000 jobs. Austin had the largest proportional increase in jobs at 0.5 percent. Unemployment was four percent across the state and even lower in many metropolitan areas.

Austin led the state in the metropolitan

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Austin, Texas Real Estate Market Update and Statistics March 2018

Friday, March 16th, 2018 at 2:24pm. 628 Views

avery ranch homes austinAustin Area Home Prices Spike in February 2018

Wondering if this spring would bring a slowdown in the red hot Austin real estate market? Not so far, according to the February 2018 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Prices spiked across the area, according to the report, with the most in-demand areas reporting double digit increases.

With the city of Austin, median price increased 12.2 percent compared to February 2017, to $367,701. With an inventory decrease from 1.4 months in February 2017 to 1.3 months in February 2018, home sales decreased 6.7 percent to 599 sales. A balanced market is considered approximately 6.5 months of inventory, according to the Real Estate Center at Texas A&M University.

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Expect 6.6 Percent Growth in Texas Home Sales in 2018, Says Real Estate Center

Thursday, February 22nd, 2018 at 7:37pm. 649 Views

Anderson Mill homes AustinSingle family home sales in Texas are expected to increase by 6.6 percent in 2018, according to the Real Estate Center at Texas A&M University, even as builders statewide are continuing to struggle to meet affordable housing needs.

It’s a “difficult task” to build homes priced less than $300,000, due to rising land costs and shortages in skilled labor, said Real Estate Center Research Economist Dr. Luis Torres. However, “The state’s economic acceleration and employment growth bode well for housing demand. Prices should ease slightly as homebuilders stretch to build more entry-level and first move-up homes, generally priced from $150,000 to $250,000,” he said.

Housing permits were up 8.2 percent in 2017 statewide, with Austin permits increasing 12

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Austin, Texas Real Estate Market Update and Statistics February 2018

Thursday, February 15th, 2018 at 5:08pm. 740 Views

rollingwood homesJanuary 2018 shows continued strength of Austin-area real estate market: Record-breaking sales and prices could continue

Home sales increased across the five-county Austin Metropolitan Statistical Area in January 2018, “setting the pace for what could be another record-breaking year,” according to the Austin Board of REALTORS® January 2018 Central Texas Housing Market Report. Sold prices for homes in the Austin-area increased 3.6 percent over January 2017 to $290,000, and home sales volume increased 8.5 percent to 1,655 sales. Inventory remained the same as last January at 1.9 months, well below an average balanced market of six to 6.5 months. Pending and active listings indicate February 2018 also will be a strong month for sales, according to the

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