Unlock MLS: Buyers look to capitalize on mortgage rate cuts, lower home prices
October 17, 2024AUSTIN, Texas—In September, the median home price in the Austin-Round Rock-San Marcos MSA housing market decreased by 6.6% to $425,000, while pending sales increased by 20.2%, according to Unlock MLS’ September 2024 Central Texas Housing Report. These data points, when combined with inventory reaching 5.9 months, indicate the region’s housing market is becoming more balanced,Read More
ABOR Real Estate Stats – August 2024
September 12, 2024AUSTIN, Texas—In August, active home listings in the Austin-Round Rock-San Marcos MSA housing market increased by 15.4%, while the median home price dropped by 4.4% to $439,990, according to Unlock MLS’ August 2024 Central Texas Housing Report. While these factors indicate more opportunity for buyers, home prices need to decrease further to significantly impact salesRead More
Young and Rich Moving to Texas
September 9, 2024Texas is second in the nation to attract the young and rich, according to SmartAsset, which used IRS data to analyze states’ net inflow of young and rich households – those from 26 to 35 who earn at least $200,000 per year. Texas was second only to Florida, and these #1 and #2-ranked states attractedRead More
Texas Employment Steady, Inflation Down
August 20, 2024Texas employment held steady in the latest Outlook for the Texas Economy report from the Texas Real Estate Research Center, with nonfarm employment decreasing less than 0.01 percent in June 2024 compared to May. The state capital of Austin added 1,100 employees or 0.1 percent. While this is an increase, Austin added 3,800 employees theRead More
Unlock MLS: Buyers sought affordable housing inventory outside of Travis County in July
August 14, 2024AUSTIN, Texas — In July, the Austin-Round Rock-San Marcos MSA housing market experienced a 3.5% decrease in sales overall, with 2,652 closed listings. However, sales increased in Williamson, Hays, Bastrop and Caldwell counties as buyers continue to seek more affordable housing options, according to Unlock MLS’ July Central Texas Housing Report. “Consistently high mortgage ratesRead More
Surge in housing inventory defines first half of 2024 in Central Texas Housing Market
July 15, 2024AUSTIN, Texas — According to the June and Mid-Year 2024 Central Texas Housing Report released by Unlock MLS, active home listings in June increased 25.9% to 13,227 listings. This increase, coupled with the rise in mortgage rates in late April and early May to 7.2%, induced a decline of 6.3% to the median sales priceRead More
Luxury Housing Development Coming to Lake Austin
July 8, 2024Lake Austin will be home to a new luxury housing development from Turnbridge Equities, Austin Capital Partners, and Four Seasons Hotel and Resorts. The development will be named the Four Seasons Private Residences Lake Austin and will be set on 145 acres on Bridge Point Parkway, with views of Pennybacker Bridge, the hills of WestRead More
Texas Land Market First Quarter 2024
June 20, 2024Statewide, annual sales volume for large land purchases in the first quarter of 2024 was down 34.7 percent year-over-year to 3,573, according to the Texas Land Market Latest Developments report by the Texas Real Estate Research Center. On a quarterly basis, sales dipped 13 percent from the last quarter of 2023 to the first quarterRead More
MSA housing inventory reaches highest level in 13 years
June 13, 2024In May, the Austin-Round Rock-Georgetown MSA saw a 12.8% decline in closed listings with 4.9 months of available inventory, a level that hasn’t been seen in 13 years according to the latest Central Texas Housing Report released by Unlock MLS. Meanwhile, active listings ticked up 37.7% year-over-year. Because of this increase in available options, buyersRead More
Texas Economy Remains Strong in 2024
May 15, 2024Despite headwinds from high interest rates and inflation, the Texas economy showed positive signs during the first quarter of 2024, according to the Texas Real Estate Research Center. Employment was a big winner, with 49,800 nonfarm workers added in February. Austin had the biggest increase, adding 11,400 new jobs, a 0.8 percent month over monthRead More