Austin, Texas Real Estate Market Update and Statistics November 2018

November 16, 2018

Austin-Area Experiences Record-Breaking Home Sales for October 2018 October 2018 home sales in the Austin area were the highest on record for any October, increasing 8.8 percent to top $900 million, according to the Austin Board of REALTORS® October 2018 Central Texas Housing Market Report. Additionally, sales volume increased 4.3 percent compared to last October,Read More

Texas Almost Doubles U.S. Job Creation Rate

October 31, 2018

Texas gained nonagricultural jobs at a rate of 3.3 percent from September 2017 to September 2018, almost doubling the nation’s growth rate of 1.7 percent, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University. Nongovernment jobs also almost doubled that of the United States’ rate, withRead More

New Home Construction in Texas Gains Momentum

October 31, 2018

New home construction in the state of Texas is gaining steam, according to the most recent Texas Housing Insight report by the Real Estate Center at Texas A&M University. Construction permits for single-family homes increased 14.1 percent year-to-date (to August 2018), with Texas remaining the leader across the United States with 16 percent of totalRead More

Texas Home Sales on Track for Record-Breaking Year

October 30, 2018

Texas real estate is trending toward another record-breaking year in 2018, following an increase in third quarter sales and prices, according to the Texas Association of REALTORS® Texas Quarterly Housing Report. Home sales were up 4.4 percent for the quarter when compared to the third quarter of 2017, and median price also was up 4.4Read More

Austin, Texas Real Estate Market Update and Statistics October 2018

October 19, 2018

Steady September 2018 for Austin Real Estate The Austin area real estate market held fairly steady for the month of September 2018, with a less than one percent decrease in number of sales and an almost six percent increase in dollar volume, according to the Austin Board of REALTORS® September 2018 Central Texas Housing MarketRead More

International Homebuyers Add $11 billion to Texas Economy from 2017-2018

September 28, 2018

International homebuyers purchasing Texas real estate added $10.89 billion to the Texas economy from April 2017 to March 2018, according to the Texas Association of REALTORS® Texas International Homebuyers Report. This placed Texas third in the nation for international home sales volume, behind Florida and California, with Arizona and New York rounding out the topRead More

Record Number of Homeowners Believe Good Time to Sell

September 27, 2018

A record high of 77 percent of Americans believe it is a good time to sell a house, according to the National Association of Realtors® third quarter 2018 Housing Opportunities and Market Experience survey. As far as buying a home, 63 percent believe it is a good time to buy. Additionally, an almost record 60Read More

Austin, Texas Real Estate Market Update and Statistics September 2018

September 18, 2018

Highest-grossing August on Record for Central Texas Home Sales Volume The Central Texas residential real estate market ended the summer selling season with a boom in August 2018, with the month being the highest grossing on record for home sales volume, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Home salesRead More

Texas Housing Rebounds in July 2018

September 13, 2018

Housing sales in Texas rebounded in July 2018, with a record level of 29,456 homes sold in Texas through the Multiple Listing Service. This was a 3.8 percent increase over July 2017, with most of the improvement found in homes in the $200,000 to $300,000 range but demand strengthening across the price spectrum, according toRead More

2018: Texas Condominium Sales Slightly Down, Townhome Sales Up

August 16, 2018

Texas condominium sales dropped 2.1 percent from July 2017 to June 2018, while townhome sales increased 6.3 percent, according to the Texas Association of REALTORS® 2018 Texas Condominium Sales Report. “Despite the slight decrease in sales, the Texas condominium and townhome market remains one of the most popular segments of the Texas housing market,” saidRead More