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Austin, Texas Real Estate Market Update and Statistics February 2013

February 12, 2013

The Austin real estate market is off with a bang for the beginning of 2013. Comparing it to January 2012, Austin experienced a 21.25% increase in homes sold, a 14.54% increase in median sold prices, and a 29.33% decrease in days on the market. Compared to February 2012, we see a 35% decrease in homesRead More

19 Months of Home Sales Increases in Austin

January 20, 2013

December 2012 was the 19th straight month of existing home sales volume increases, according to a recent report released by the Austin Board of Realtors®. The report indicated total dollar volume of sold single-family properties was $513 million, 35 percent higher than December 2011. According to ABoR, 1,828 single-family area homes were sold in DecemberRead More

Upscale Austin: Luxury Homes on an Upward Trend in Austin, Texas

January 16, 2013

From waterfront homes along Lake Austin to tree-covered estates in Westlake, it is apparent Austin has a sizeable luxury property market. Whether it’s the result of trendy tech or startup success, the wealth of Austin appears here to stay – blended, of course, with our lifestyle-centric living. As lakefront properties, hill country views, and primeRead More

Austin, Texas Real Estate Market Update and Statistics January 2013

January 16, 2013

Austin’s winter weather may feel cold, but the Austin housing market is hot! December 2012 marked a 4% increase in sold prices per square foot, a 14% increase in homes sold, and a 28.95% decrease in days on the market, and home inventory remained low, with a 29% decrease in homes for sale, comparing DecemberRead More

Austin, Texas Real Estate Market Update and Statistics December 2012

December 11, 2012

The Austin housing market is finishing remarkably strong for 2012! Low inventory mixed with momentum for Austin’s desirability is driving up prices and demand for existing homes for sale and lease. As a result, year-to-date we have seen a 16.84% increase in homes sold, along with a 5.44% increase in sold prices and a 25.71%Read More

Austin real estate market shows biggest sales volume increase in three years

December 9, 2012

In October 2012, the Austin real estate market witnessed the biggest year-over-year increase in the volume of single-family home sales since November 2009, according to the Multiple Listing Service report released by the Austin Board of REALTORS®. Homes sales in Westlake and other Austin neighborhoods are increasing steadily. According to the report, 1,960 single-family homesRead More

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