Austin-area MSA experiences boost in sales as median price holds steady
May 13, 2024AUSTIN, Texas —In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales, the highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. The data demonstrates that there is a collective sense of confidence and optimism in the housing market among both homebuyersRead More
Texas Real Estate Continues to Grow
April 23, 2024Texas home sales, home prices, and new construction starts and permits continue to increase despite headwinds from interest rates, according to Texas Housing Insight by the Texas Real Estate Research Center. In the latest report, home sales in Texas increased 3.6 percent month over month, with 29,999 more homes sales. Of Texas’ big cities, SanRead More
Housing inventory increases across MSA, four months of inventory available in multiple markets
April 12, 2024AUSTIN, Texas —In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023, leading to multiple markets reaching four months of inventory, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that homeowners have confidence in their ability to sellRead More
Texas Luxury Home Sales Down in 2023
March 25, 2024The number of Texas luxury homes – homes that sold for $1 million or higher – decreased 16 percent from November 2022 to October 2023 compared to the prior year, according to the Texas Association of Realtors®. At about $19.5 billion in total luxury home sales, this is similar to the period from November 2020Read More
February data reveals increased opportunities for first-time homebuyers
March 24, 2024AUSTIN, Texas —In February across the Austin-Round Rock-Georgetown MSA, new listings jumped 44.9% to 3,915 listings bringing the total months of inventory for the region to 3 months, up 0.1 months more than February 2023, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that sellers are feeling moreRead More
Texas Attracts Almost Half a Million New Workers
February 26, 2024Texas attracted 497,454 potential workers over the past 12 months, according to the Texas Real Estate Research Center’s Outlook for the Texas Economy. This rate continues to “surpass the record-high total labor force according to the household survey.” The unemployment rate fell to 4 percent, the first decrease since April 2023, while the participation rateRead More
January Home Data Signals Optimism in 2024 for Austin Area
February 15, 2024AUSTIN, Texas —The first market analysis of the year released by Unlock MLS shows an increase in residential homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings, according to the latest Central Texas Housing Market Report. The data demonstrates that more options are availableRead More
Texas Home Sales End 2023 Flat
January 30, 2024Texas home sales were relatively flat to close 2023, with sales decreasing almost one percent month over month in November and prices falling 0.1 percent statewide, according to the Texas Real Estate Research Center’s latest Texas Housing Insight. Days on the market continued to decline to 51 days. In Austin, home sales fell 4.4. percent.Read More
Home sales accounted for more than $17 billion in economic activity in 2023
January 17, 2024AUSTIN, Texas —In 2023, the median price for a home in the Austin-Round Rock MSA decreased 10.2% to $450,000, according to the Austin Board of REALTORS® December 2023 and Year-End Central Texas Housing Market Report. When compared to the steep 24.2% decline in pending sales in 2022, 2023 saw a slight 3.0% decline to 30,353Read More
Home sales in Austin remain strong despite continued higher rates
December 18, 2023Housing inventory increases while median sales prices drop AUSTIN, Texas —The median home price across the Austin Round-Rock MSA dropped 8.4% to $424,450 last month, indicating Austin’s housing supply is becoming available at lower price points, but remains considerably elevated relative to pre-pandemic levels according to the Austin Board of REALTORS® November 2023 Central TexasRead More
