Statistics regarding Austin homes for sale provided by Austin realtors.
There are currently 157 blog entries related to this category.
Monday, April 24th, 2017 at 1:51pm. 117 Views
Homes Sales Neutral in Austin and Greater Austin
Home sales in Austin and Greater Austin were relatively neutral in March 2017. Within the city, home sales increased 1.2 percent compared to March 2016 to 780 home sales, according to the Austin Board of REALTORS® March 2017 Central Texas Housing Market Report. In the Austin-Round Rock Metropolitan Statistical Area, home sales decreased 1.4 percent compared to March 2016 to 2,509 home sales.
In both areas, home prices increased. Median home price in Austin increased 12.6 percent to $371,606, and in the Greater Austin area, median price increased 5.6 percent to $295,767. Inventory also increased in both areas, with inventory in Austin growing by 0.1 months to 1.8 months of inventory and with inventory…
Friday, April 21st, 2017 at 1:03pm. 100 Views
Texas homebuyers are becoming increasingly diverse, with more single and minority homebuyers, according to the Texas Homebuyers and Sellers Report 2017 Edition, released by the Texas Association of REALTORS®.
Single homebuyers now represent 28 percent of all homebuyers, spurred by increases in sales by both male and female single homebuyers. Single female homebuyers increased five percent to 19 percent of all homebuyers. Single male homebuyers increased two percent to nine percent of total homebuyers.
Hispanic homebuyers now represent 14 percent of home sales and 27 percent of first-time homebuyers. African-Americans make up six percent of all home sales and are the most likely minority group to be repeat homebuyers.
The median age of Texas…
Saturday, March 18th, 2017 at 11:54am. 341 Views
Austin-area Home Sales Flat in February 2017, while Prices Rise
Austin-area single family home sales increased 0.9 percent in February 2017 compared to February 2016, resulting in 1,829 home sales. Median price, meanwhile, continued its climb, rising 6.5 percent to $287,000, according to the Austin Board of REALTORS® February 2017 Central Texas Housing Market Report.
The ABOR release posited that the Austin-Round Rock Metropolitan Statistical Area is transitioning to more stable market conditions. “The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth. It’s important to remember that current figures are being compared to very strong housing market activity in 2016, so a decline in home…
Monday, February 20th, 2017 at 2:33pm. 509 Views
Austin Real Estate: Strong January to Start 2017
The Austin area experienced strong real estate gains in January 2017, starting the year with a seven percent increase in home sales, according to the Austin Board of REALTORS® January 2017 Central Texas Housing Market Report. The City of Austin kicked off the year with a 9.8 percent increase in home sales.
“Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region,” said ABOR President Brandy Guthrie. “The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local…
Friday, February 17th, 2017 at 12:15pm. 384 Views
A recent KVUE article reported that housing prices have risen faster in Austin than anywhere in the country and that salaries are not keeping pace with the increase.
Looking at the past 26 years of data, KVUE found that family income rose 97 percent, while median home prices rose 290 percent. This means a family originally making $50k would have seen its income increase to $98.5k, and a home that had cost $100k would now cost $390k. To stay on par with price increases, the median income would have had to increase to $153k per year. A median house in Austin is now about $355k.
KVUE said the rapid price increases, in conjunction with less robust wage increases, are “pushing people out of town.” It also cited increasing tax burdens on home owners as a…
Monday, January 30th, 2017 at 4:35pm. 361 Views
Texas job creation grew by 1.8 percent annually from December 2015 to December 2016, with an increase of 213,500 nonagricultural jobs. This is compared to a 1.4 percent increase in the United States, according to the Monthly Review of the Texas Economy by Ali Anari at the Real Estate Center at Texas A&M University. Nongovernmental (private sector) jobs increased 1.7 percent, to 173,400 jobs, also 0.2 percent higher than nationally.
Texas’ unemployment rate in December 2016 was 4.6 percent, seasonally adjusted, the same as the preceding December. The U.S. rate was slightly higher at 4.7 percent.
Ranking highest in growth in Texas were education and health services, followed by the leisure and hospitality industry, financial activities, and trade.…
Monday, January 30th, 2017 at 3:37pm. 490 Views
Texas housing starts decreased 11.3 percent in November 2016 compared to November 2015, once seasonally adjusted. This continues a negative trend for housing starts that began in late-summer 2016, according to a report by the Real Estate Center at Texas A&M University and authored by James P. Gaines, Luis B. Torres, and Wayne Day. However, Texas single-family housing construction permits increased in November, on an annual and a monthly basis, a positive trend that began in late 2014/early 2015.
Following these results, the Texas Residential Construction Leading Index indicates there will be slow growth in future residential construction, according to the report, which credits low supply to limited lot inventory and shortages in construction labor.…
Monday, January 23rd, 2017 at 1:43pm. 540 Views
Another Record-Breaking Year for Austin Real Estate
The Central Texas real estate market broke records in 2016 for home sales volume and also reached new highs in home prices, according to the Austin Board of REALTORS® December and Year-End 2016 Central Texas Housing Market Report.
Single-family home sales for 2016 increased 3.9 percent from 2015, to an all-time high of 29,569 home sales in the five-county Metropolitan Statistical Area. Median price increased 7.2 percent to $284,000, and homes stayed on the market an average of 50 days, two days longer than in 2015. Housing inventory was unchanged at a two month supply, very low in comparison to a typical balanced market of 6.5 months, according to the Real Estate Center at Texas A&M University. The…
Wednesday, December 21st, 2016 at 3:03pm. 400 Views
Personal income in Texas has outpaced housing price growth more than the United States as a whole, with the large metros of Dallas, Houston, and San Antonio leading the trend for the state, according to a report by the Real Estate Center at Texas A&M University. In Austin, however, housing prices have consistently outpaced income growth going as far back as the late 1990s.
The report credits Austin’s housing appreciation to its “expansion in the technology sector and its ‘cool’ factor as a chic living destination.” Historically, booms in the energy sector have correlated with increases in housing prices, as evidenced by Midland, Odessa, and Houston in the late 1970s to the early 1980s and then again recently.
Nonetheless, despite personal income not…
Wednesday, December 21st, 2016 at 11:59am. 448 Views
The Federal Reserve raised a key interest rate by 0.25 percent recently, and Real Estate Center Chief Economist Dr. James Gaines said this increase could have positive impacts on certain markets.
Gaines said one immediate result could be an increase in housing demand as buyers seek to take advantage of interest rates before they increase further. While the recent interest rate increase is only the second in a decade, the last taking place in December 2015, three more increases are forecast for 2017.
“People who are on the fence about buying a home might anticipate rates, as well as prices, going up in the next six to 12 months. This might give them the push they need to buy now,” said Gaines.
Mortgage rates for a 30-year, fixed-rate mortgage are…