Most Realtors® Report No Lowering of List Prices during Pandemic
May 5, 2020In the latest weekly report from the National Association of Realtors®, 76 percent of Realtors® working with sellers reported they have not lowered list prices in order to attract buyers during the pandemic. This is up two percent from the previous week. On the flip side, 64 percent of Realtors® reported their buyers are lookingRead More
Austin, Texas Real Estate Market Update and Statistics April 2020
April 16, 2020Steady March 2020 Home Sales for Austin Area City of Austin Monthly Median Price Highest on Record Austin-area home sales for March 2020 remained largely untouched by the COVID-19 shelter-in-place orders that went into effect on March 24, according to the Austin Board of REALTORS® Central Texas Housing Market Report. In March, Austin-Round Rock MetropolitanRead More
What has happened to Austin housing since the City of Austin banned large gatherings?
April 9, 2020It is still too early to understand the impact of the Coronavirus health crisis on the Austin housing market. What we know so far, since the City of Austin banned large gatherings on March 14, is that there has been a 12.5% decrease in the number of single-family homes sold in the greater Austin area.Read More
How Will COVID-19 Affect Austin Real Estate?
March 26, 2020The world is sharing an unprecedented health and economic challenge with the Coronavirus pandemic. Coming off of a position of substantial economic strength, we are now in uncharted territory: a pause on the economy that is not based on actual economic fundamentals. The big questions are what the short-term and long-term effects will be andRead More
Austin, Texas Real Estate Market Update and Statistics February 2020
February 19, 2020Austin Area Median Home Price Sets January Record The median home price for the Austin area increased 4.8 percent to $308,000 in January 2020, a record for that month, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Home sales were up 8.5 percent compared to January of 2019, while housing inventory fellRead More
Austin, Texas Real Estate Market Update and Statistics January 2020
January 20, 2020Austin-area Breaks Residential Real Estate Record in 2019 More Austin-area homes sold in 2019 than any other year on record, according to the Austin Board of REALTORS® December and Year-End 2019 Central Texas Housing Market Report. “Austin’s unprecedented population growth during the past decade has heavily impacted the real estate market,” said ABOR President Romeo Manzanilla. “Compared toRead More
Texas Housing and Economic Outlook
December 18, 2019Home foreclosure rates in Texas dropped to just 0.6 percent in the most recent reporting, according to statistics in the Outlook for the Texas Economy by the Real Estate Center at Texas A&M University. This percentage is around a level that has not been seen since before the oil bust of the 1980s and corroboratesRead More
Austin, Texas Real Estate Market Update and Statistics December 2019
December 17, 2019Double-Digit Increase in Austin-area November Home Sales, Record-breaking Year Expected Austin-Round Rock Metropolitan Statistical Area home sales increased 14.3 percent in November 2019 compared to November 2018, putting the region on track to break home sales record for the year, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median price for theRead More
Employment Growth Strong in Texas
November 27, 2019The Texas economy added nonagricultural jobs at a rate of 2.4 percent from October 2018 to October 2019, one percent higher than the national job growth rate, according to the Real Estate Center at Texas A&M University. Nongovernment jobs in Texas increased at a rate of 2.7 percent, compared to 1.5 percent in the UnitedRead More
Austin, Texas Real Estate Market Update and Statistics November 2019
November 25, 2019Austin-Round Rock Home Sales Increase by Double Digits in October 2019, Austin Breaks Record Austin-Round Rock Metropolitan Statistical Area home sales increased 16.8 percent in October 2019, while Austin home sales increased 14.5 percent to result in more homes being sold than in any October, according to the Austin Board of REALTORS® Central Texas HousingRead More
