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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

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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What has happened to Austin housing since the City of Austin banned large gatherings?

April 9, 2020

It 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, 2020

The 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 real estate

Austin, Texas Real Estate Market Update and Statistics March 2020

March 19, 2020

Austin-area February 2020 Housing Sales Strong Austin-area home sales increased 6.8 percent in February 2020 in the Austin-Round Rock Metropolitan Statistical Area, while median price was up 12 percent to $327,140, according to the Austin Board of REALTORS® monthly real estate statistics report. It’s unknown how COVID-19 will impact the area real estate market, butRead More

Austin stats

Austin, Texas Real Estate Market Update and Statistics February 2020

February 19, 2020

Austin 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

ABOR January 2020