Texas Home Inventory Sinks to Record Low
July 23, 2021Inventory for Texas homes for sale sank below 1.2 months in May 2021, the first time in series history, according to the Real Estate Center at Texas A&M University. This low was a result of an increase in sales activity and a decrease in homes added to the Multiple Listing Service. An inventory supply ofRead More
Volume of Homes Sold in June 2021 Sets Records
July 16, 2021Volume of homes sold in June sets records, demonstrates sustained market strength across Austin-Round Rock MSA Market also posted significant gains in first half of 2021 AUSTIN, Texas — According to the Austin Board of REALTORS® (ABoR) June and Midyear Central Texas Housing Market Report, 4,369 homes sold in June, a record for the month of June, across the Austin-Round Rock Metropolitan Statistical AreaRead More
Home Prices Soar in Texas, while Sales Dip
June 24, 2021The median price for a home in Texas rose in April 2021 for the fourth consecutive month, increasing 17.3 percent year-over-year to a record-breaking $289,700, according to the Real Estate Center at Texas A&M University’s Texas Housing Report. The Texas market experienced a “shift in the composition of sales toward higher-priced homes due to constrainedRead More
Austin, Texas Real Estate Market Update and Statistics June 2021
June 15, 2021AUSTIN, Texas – The greater Austin area posted record-breaking gains in May, as the median home price reached an all-time high—for any month on record—of $465,000, while both home sales and sales dollar volume skyrocketed, according to The Austin Board of REALTORS® May 2021 Central Texas Housing Report. “Austin’s housing market has become one ofRead More
Texas Housing Sales Crunch Amidst Restriction
May 25, 2021Texas housing sales were down 0.8 percent month over month in April 2021, constrained by lack of inventory, as well as higher prices and mortgage rates, according to the Texas Real Estate Research Center at Texas A&M University. “The number of new MLS listings rose for the second straight month in April, but Texas’ monthsRead More
Austin, Texas Real Estate Market Update and Statistics May 2021
May 18, 2021The booming Austin-area housing market continued to demonstrate strength in April, with soaring double-digit growth in both home sales volume and median price growth. The Austin Board of REALTORS® April 2021 Central Texas Housing Report is the first market report to provide a direct comparison to the housing market during the COVID-19 pandemic. “One yearRead More
Record-breaking Texas Land Sales as Buyers Migrate
April 21, 2021“Texas city-dwelling buyers descended on rural locations in latter 2020,” according to the Texas Real Estate Research Center at Texas A&M University. Due to both pandemic fears and urban unrest, buyers purchased 552,707 acres of Texas land for a record $1.69 billion. The increased demand caused statewide land prices to increase 3.1 percent to $3,064Read More
Austin, Texas Real Estate Market Update and Statistics April 2021
April 15, 2021Austin area continues to set housing records despite affordability growing pains AUSTIN, Texas – As Austin experiences growing pains associated with a city transitioning into a large metropolitan area, the Austin-Round Rock MSA continues to set housing records. According to the Austin Board of REALTORS®’ latest Central Texas Housing Report, sales volume lost due to the February stormsRead More
Austin, Texas Real Estate Market Update and Statistics March 2021
March 23, 2021Winter storms that knocked out power and water to many Texans slowed February 2021 Austin-area home sales – but not prices. Home sales in the Austin-Round Rock Metropolitan Statistical Area declined eight percent in February, the first time sales have dipped since June 2020. Median price, meanwhile, jumped 22.5 percent to an all-time high ofRead More
Unprecedented Housing Shortage Nationally and Locally
March 16, 2021There are almost 450,000 fewer homes on the market in the United States than at this time last year, according to a realtor.com® report, and this is putting tremendous upward pressure on prices. In January, national housing inventory dropped 43 percent compared to January 2020, with new listings down 23 percent. This resulted in theRead More
