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Austin, Texas Real Estate Market Update and Statistics November 2012

November 14, 2012

It has been a great year for the Austin housing market! We have experienced an 11.7% increase in homes sold, along with a 6.9% increase in sold prices and a 21% decrease in days on the market. October 2012 was strong with a 33.4% increase in homes sold and a 14.3% increase in median soldRead More

Home Construction Figures Continue to Rise

October 19, 2012

September saw the fastest rate of new, single-family home construction nationally since July 2008, and this spike indicates the housing recovery is strengthening across the country. The Commerce Department reported that builders broke ground at a seasonally adjusted annual rate of 872,000 units in September. That’s an increase of 15% from August, and applications forRead More

Austin Economy Matures: Luxury Home Sales on Track to Increase 365%

October 12, 2012

While Austin may be perceived as a hip, laidback city, this nature is what draws out the creativity and startup/business success that has pumped large amounts of money into our local economy. That foundation for dynamic possibilities, coupled with friendliness toward music, nature, and people in general, attracts individuals and companies from around the world.Read More

Austin, Texas Real Estate Market Update and Statistics October 2012

October 10, 2012

The fundamentals of the overall Austin housing market look great! Austin is currently marked by low inventory, increased home sales, increased prices, increased pending sales, decreased withdrawals, decreased days on market, and rising lease prices. When comparing September 2012 to September 2011, sold prices are up slightly by 1.76%, which shows a little cooling offRead More

Strong Momentum in Austin, TX Real Estate Market Continues in Second Quarter

September 14, 2012

In another example of how Texas is leading the nation’s economic recovery, the real estate market continues to show marked improvements over last year, according to the 2012-Q2 edition of the Texas Quarterly Housing Report issued by the Texas Association of REALTORS®. Featuring 13% more single-family home sales than the same quarter of the priorRead More

Austin, Texas Real Estate Market Update and Statistics September 2012

September 11, 2012

The Austin housing market continues to shine with August 2012 sales for single-family homes in the City of Austin showing improvement over last year with a 25% decrease in sales inventory, a 26.8% increase in the number of single-family homes sold, a 9.5% increase in the median sold price, and a 31.8% decrease in daysRead More

National Home Market Sees Houses Moving Quickly

September 10, 2012

Home markets across the U.S. are moving inventory off the MLS listing system faster, and new data from the National Association of Realtors® (NAR) shows that the amount of time single family homes are spending on the market is now in the range of historic norms and well below the lengths reached in 2009. TheseRead More

Austin, Texas Real Estate Market Update and Statistics August 2012

August 7, 2012

The Austin housing market in August 2012 continues to outperform the previous year with increases in sold prices and in the number of homes sold and significant decreases in days on market. Interest rates are very low averaging 3.55% for a 30 year conventional loan today with 0.7 fees/points down per freddiemac.com. Meanwhile, lease inventoryRead More

New Home Starts Reach Four Year High

July 19, 2012

The Wall Street Journal recently declared, “The housing bust is over,” and Federal Reserve Chairman Ben Bernanke agrees things are looking up for the national housing market. New evidence is emerging every day that the housing sector is on the mend, and it may be the sector of the economy that has the most goingRead More

Austin, Texas Real Estate Market Update and Statistics July 2012

July 10, 2012

From Leading Austin REALTOR® Brian Talley: Good things continue to happen in the Austin housing market. As you will see below in my June 2012 review, there are almost a third less homes for sale, a 12% increase in the number of single-family homes sold, a 7% increase in median sold prices (total dollars), 25%Read More