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Austin, Texas Real Estate Market Update and Statistics July 2018

July 18, 2018

June 2018 Austin-area Home Sales Slow but Still on Track for Record Austin-area home sales slowed in June 2018, with a 2.7 percent dip compared to June 2017, according to the Austin Board of REALTORS® June & Midyear 2018 Central Texas Housing Market Report. Despite this, the area “experienced strong and steady growth in theRead More

Austin luxury home sales up 25%, prices down 15% in Eanes ISD so far in 2018

July 4, 2018

We ran the Austin luxury home sale statistics and the results are quite interesting and noteworthy. Please note that we are defining luxury home sales as residential properties of all types (single-family, condos, townhomes, etc.) that sold for $1M or above. We are comparing Jan 1 to June 15 of 2017 compared to the sameRead More

First Quarter 2018 Texas Housing: Sales Up, Prices Up

June 18, 2018

For the first quarter of 2018, Texas home sales and Texas home prices both increased, while inventory and active listings decreased, according to the Texas Association of REALTORS® Texas Quarterly Housing Report. “The momentum from the end of 2017 has moved into 2018, as Texas homes continue to be in high demand,” said TAR ChairmanRead More

Texas Small Land Sales Increase

June 18, 2018

Small land sales in Texas increased 8.5 percent to 7,588 sales in 2017, the fifth straight year for an increase, according to the Texas Association of REALTORS® Texas Small Land Sales Report. Sales total dollar volume topped $1 billion for the first time. However, the average price per acre experienced a 2.2 percent decline toRead More

Austin, Texas Real Estate Market Update and Statistics June 2018

June 15, 2018

Austin Housing Prices Up, Inventory Down Historic highs and historic lows are now the norm in Austin real estate, with record-breaking median home prices and consistently low inventory levels. According to the Austin Board of REALTORS® May 2018 Central Texas Housing Market Report, the median price for an Austin home reached an all-time high ofRead More

May 2018 Austin Real Estate Market Stats Infographic

Outdoor Home Projects Offer Financial Returns and Owner Satisfaction

May 25, 2018

Thinking about remodeling? Homeowners should consider looking outdoors for their next upgrade, as outdoor projects can bring both financial reward and owner satisfaction, according to the National Association of Realtors®’and National Association of Landscape Professionals’ 2018 Remodeling Report: Outdoor Features. The report looked at 13 outdoor residential projects and found that Realtors® ranked standard lawnRead More

Austin Housing Starts Up Almost 18 Percent in First Quarter of 2018

May 23, 2018

Austin housing starts for the first quarter of 2018 were up 17.6 percent compared to the first quarter of 2017, for a total of 4,064 housing starts, according to Metrostudy. Annual new home starts increased 4.5 percent to 16,457. Attached homes, generally more affordable than single family homes, have seen significant gains, with 353 percentRead More

Austin, Texas Real Estate Market Update and Statistics May 2018

May 18, 2018

ABOR report says all price ranges experiencing competition All Austin area real estate price ranges are experiencing pressure due to limited inventory and high demand, according to the Austin Board of REALTORS® Central Texas Housing Market Report based on data from April 2018. Pending sales in the Austin-Round Rock MSA increased 14.3 percent in AprilRead More

April 2018 Market Stats Infographic

Texas Economic Outlook March 2018

March 23, 2018

A new report has been issued by the Real Estate Center at Texas A&M University for the Texas economy, and results continue to look strong overall thanks in part to a strong United States economy and increasing energy prices. Issued in mid-March based on January data, the report stated that housing affordability, potential volatility inRead More

Austin, Texas Real Estate Market Update and Statistics March 2018

March 16, 2018

Austin Area Home Prices Spike in February 2018 Wondering if this spring would bring a slowdown in the red hot Austin real estate market? Not so far, according to the February 2018 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Prices spiked across the area, according to the report, with theRead More