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Texas Housing Market Rebounds as Buyers Take Advantage of Low Interest Rates

October 23, 2020

Texas existing home sales increased 10.7 percent in September 2020 compared to August 2020 and were about 2.6 percent higher than the first three quarters of the year, according to the Real Estate Center at Texas A&M University, which cited homebuyers rushing to take advantage of historically low mortgage rates. “Many prospective homebuyers who wereRead More

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Austin, Texas Real Estate Market Update and Statistics October 2020

October 19, 2020

Austin-area Home Sales Increase Dramatically Home sales in the Austin area increased dramatically in September 2020, as momentum from a later start to the selling season continued to build. Sales in the Austin-Round Rock Metropolitan Statistical Area rose 31.5 percent in September 2020 compared to September 2019, while median price increased 12.1 percent to $355,000,Read More

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Austin, Texas Real Estate Market Update and Statistics September 2020

September 17, 2020

Double-Digit Growth for Austin-area Housing Market in August Home sales for the Austin-Round Rock Metropolitan Statistical Area increased 12.9 percent in August 2020 to a total of 4,019 sales, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median price also rose by double digits compared to August of last year, increasing 11.3Read More

Texas New Home Sales Exploding with Increased Demand

September 15, 2020

Homebuilders across the state are racing to meet “exploding” demand for new homes, said Real Estate Center at Texas A&M University Chief Economist Dr. Jim Gaines. With high demand and low inventory, new home prices are continuing to rise. However, he said, “Now is a good time to buy a home. Interest rates are low,Read More

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Texas Housing Market Rebounds

August 25, 2020

Texas housing sales rebounded almost 30 percent in June 2020, following three consecutive monthly declines due to COVID-related shutdowns, according to the Real Estate Center at Texas A&M University. The report cited falling interest rates and pent-up demand from the shutdown for the large increase, which resulted in the highest homeownership level on record. TheRead More

Austin, Texas Real Estate Market Update and Statistics August 2020

August 20, 2020

Austin-area Housing Market Surges in July 2020 Austin-area home sales surged 21.5 percent in July 2020 compared to July 2019, according to the Austin Board of REALTORS® Central Texas Housing Market Report. July was the second consecutive month of strong sales following a short-term pullback in the market due to COVID-19 stay-in-place orders. Median homeRead More

Ninety-two Percent of Realtors® Say Market Is in Recovery

July 21, 2020

Following setbacks from the coronavirus pandemic, more than nine out of 10 Realtors® reported that the market is recovering. Ninety-two percent of National Association of Realtors® respondents said their buyers have either returned or never left the market. Eighty-nine percent said their sellers have either returned or never left the market. The report also found,Read More

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Austin, Texas Real Estate Market Update and Statistics July 2020

July 16, 2020

Despite impacts from COVID-19, Austin-Round Rock Metropolitan Statistical Area home sales increased 9.3 percent in June 2020 compared to June 2019, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median home price for the MSA increased 4.6 percent to $340,000. “Strong home sales in June are good news for the real estate market acrossRead More

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Austin-area Housing Inventory Drops in May 2020 Leading to Lower Sales

June 22, 2020

Home sales in the Austin-Round Rock Metropolitan Statistical Area decreased 29.2 percent in May 2020, as inventory continued to drop amidst the coronavirus pandemic, reaching only a two-month supply. Median price inched up 0.7 percent across the region to $329,893, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Within the cityRead More

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NAR Names Austin a Top U.S. Housing Market for Millennials during the Pandemic

June 17, 2020

The National Association of Realtors® named Austin one of the top United States housing markets for millennial homebuyers during the coronavirus pandemic. Texas cities Dallas-Fort Worth-Arlington and Houston-The Woodlands also made the unranked top 10. To make the determination, NAR analyzed the largest 100 metropolitan statistical areas in the U.S. for housing affordability, local jobRead More