Austin, Texas Real Estate Market Update and Statistics October 2020
October 19, 2020Austin-area Home Sales Increase Dramatically Home sales in the Austin area increased dramatically in September 2020, as momentum from a later start to the selling season continued to build. Sales in the Austin-Round Rock Metropolitan Statistical Area rose 31.5 percent in September 2020 compared to September 2019, while median price increased 12.1 percent to $355,000,Read More
Austin, Texas Real Estate Market Update and Statistics September 2020
September 17, 2020Double-Digit Growth for Austin-area Housing Market in August Home sales for the Austin-Round Rock Metropolitan Statistical Area increased 12.9 percent in August 2020 to a total of 4,019 sales, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median price also rose by double digits compared to August of last year, increasing 11.3Read More
Texas New Home Sales Exploding with Increased Demand
September 15, 2020Homebuilders across the state are racing to meet “exploding” demand for new homes, said Real Estate Center at Texas A&M University Chief Economist Dr. Jim Gaines. With high demand and low inventory, new home prices are continuing to rise. However, he said, “Now is a good time to buy a home. Interest rates are low,Read More
Texas Housing Market Rebounds
August 25, 2020Texas housing sales rebounded almost 30 percent in June 2020, following three consecutive monthly declines due to COVID-related shutdowns, according to the Real Estate Center at Texas A&M University. The report cited falling interest rates and pent-up demand from the shutdown for the large increase, which resulted in the highest homeownership level on record. TheRead More
Austin, Texas Real Estate Market Update and Statistics August 2020
August 20, 2020Austin-area Housing Market Surges in July 2020 Austin-area home sales surged 21.5 percent in July 2020 compared to July 2019, according to the Austin Board of REALTORS® Central Texas Housing Market Report. July was the second consecutive month of strong sales following a short-term pullback in the market due to COVID-19 stay-in-place orders. Median homeRead More
Ninety-two Percent of Realtors® Say Market Is in Recovery
July 21, 2020Following setbacks from the coronavirus pandemic, more than nine out of 10 Realtors® reported that the market is recovering. Ninety-two percent of National Association of Realtors® respondents said their buyers have either returned or never left the market. Eighty-nine percent said their sellers have either returned or never left the market. The report also found,Read More
Austin, Texas Real Estate Market Update and Statistics July 2020
July 16, 2020Despite impacts from COVID-19, Austin-Round Rock Metropolitan Statistical Area home sales increased 9.3 percent in June 2020 compared to June 2019, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Median home price for the MSA increased 4.6 percent to $340,000. “Strong home sales in June are good news for the real estate market acrossRead More
Austin-area Housing Inventory Drops in May 2020 Leading to Lower Sales
June 22, 2020Home 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
NAR Names Austin a Top U.S. Housing Market for Millennials during the Pandemic
June 17, 2020The 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, 2020Pandemic 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
