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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

June_AustinRR_Stats

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

may 2020 stats

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

Austin, Texas Real Estate Market Update and Statistics May 2020

May 21, 2020

Pandemic Impacts Austin-area Home Sales but Prices Still Rise Austin-area home sales declined 21.6 percent in April 2019, the first reporting with significant impact from the COVID-19 pandemic, but prices continued to rise due to tightened inventory, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median sales price increased 3.2 percentRead More

Most Realtors® Report No Lowering of List Prices during Pandemic

May 5, 2020

In 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, 2020

Steady 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

ABOR March 2020 stats

Many Realtors® Hopeful for Post-Pandemic Market Rebound

April 13, 2020

Many Realtors® are hopeful there will be a post-pandemic real estate rebound, according to a National Association of Realtors® survey. While a spring slowdown is expected across the board, the majority of agents believe buyers and sellers will return to the market as “delayed transactions” once the crisis point has passed. The survey found 59Read More

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