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Austin Luxury Home Sales Nearing Volume of Houston, DFW

July 20, 2022

All four major metros in Texas have seen significant increases in luxury home sales compared to pre-pandemic levels, with “Austin showing particularly strong momentum,” according to the Texas Real Estate Research Center at Texas A&M University. In Houston, Dallas-Fort Worth, and San Antonio, the number of luxury homes sold during the first five months ofRead More

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Austin-Round Rock MSA begins return to pre-pandemic housing market activity

July 18, 2022

Long-awaited gains in housing inventory contribute to slower price growth, market stabilization in first half of 2022 AUSTIN, TX — According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory levels over two months in the Austin-RoundRead More

Economic Outlook in Texas

June 30, 2022

“In coming months, the Texas economy will face either prolonged high inflation, the pain that tends to follow from fighting inflation, or possibly both,” said the Texas Real Estate Research Center in an article entitled, “Outlook for the Texas Economy.” Headline inflation as reported by the Bureau of Labor Statistics increased 8.5 percent in MarchRead More

Austin real estate

Austin-Round Rock MSA inventory improves while closings remain robust

June 29, 2022

According to the Austin Board of REALTORS® May 2022 Central Texas Housing Market Report, active listings experienced triple-digit percentage growth year over year and inventory rose to over one month of inventory for the first time in seven months. The data indicates the market is calming as typical seasonality is returning in terms of the numberRead More

Outlook for Texas Housing Affordability Outlook

May 30, 2022

Home prices in Texas continue to rise at a strong pace, according to a Texas Real Estate Research Center’s article, “Texas Housing Affordability Outlook.” The first quarter of 2022, Texas homes experienced a year over year increase in median price of 18.4 percent and a first-quartile sales price increase of 17.4 percent. This resulted inRead More

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Austin-Round Rock MSA market remains competitive as home sales dip in April

May 19, 2022

AUSTIN, TX — April residential home sales decreased across the Austin-Round Rock MSA for the second month in a row according to the Austin Board of REALTORS® April 2022 Central Texas Housing Market Report. Despite the dip, the five-county MSA was just 216 homes shy of breaking the record set for April home sales inRead More

Is Texas’ Land Rush Slowing Down?

April 22, 2022

In 2021, Texas rural land sales reached “unprecedented highs,” surpassing the previous year’s sales by 17.8 percent. Yet, the year ended with a “surprising slowdown,” according to the Texas Real Estate Research Center, with 953 fewer sales than in the previous fourth quarter. “Fourth quarter 2020 was crazy,” said Dr. Charles Gilliland, research economist withRead More

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ABoR: March home sales decline and inventory ticks up as home prices set records across MSA

April 20, 2022

Population growth and increasing mortgage rates complicate an already complex housing market  AUSTIN, TX — The Austin-Round Rock MSA experienced a decline in residential home sales, while a slight increase in housing inventory coincided with a new all-time record for median sales price, according to the Austin Board of REALTORS® March 2022 Central Texas HousingRead More

Texas’ Post-Pandemic Population Boom

March 16, 2022

While Texas has had a population boom “for the past decade thanks to its pro-business environment, relatively affordable housing, and friendly charm,” the “onset of COVID in 2020 brought another wave of newcomers,” according to Take Me To Texas: Post-Pandemic Population Boom by Joshua Roberson with Texas Real Estate Research Center. Between the summers ofRead More

Austin real estate

Austin-Round Rock MSA Housing Market Posts Strong February, Market Poised for Big Year

March 15, 2022

AUSTIN, TX —According to the Austin Board of REALTORS® (ABoR) February Central Texas Housing Report, closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping upRead More