Category: Stats

FAQ: When is the best time to sell my home?

One of the questions I receive the most is, “when is the best time to sell a home”.  There are many ways to dissect this, most notably is your own personal situation. But assuming one has no outside pressure and is simply trying to “market time” the sale, let’s see if we can shed a…


Market Quick Hits = Opportunity

Market Quick Hits “We often miss opportunity because it’s dressed in overalls and looks like work” ― Thomas Edison Units closed in April 2017 decreased 3.8% compared to April 2016. Year to date we’re up 1%. The Austin MSA inventory is up 16.9%, 15.1% in Travis County and 14.6% in Austin City Limits. Year to date condo sales are…


1Q17 Market Watch

How’s that real estate market, you ask? 1Q17 single family units sold were 0.5% higher compared to 1Q16.  This is a clear continuation of the market slowdown we noted previously, but make no mistake, we are still on pace to beat last year’s numbers. Even if it’s just by 0.5%What continues to raise my eyebrow is the interest…


Board of Realtor Stats vs MLS Data – Jan 2017

The Austin Board of Realtors (ABOR) just released their report on January home sales. As we wait for all the media to report the data, I think it’s a fun exercise to check that data. The graphic below illustrates the difference in ABOR’s data and that which you can find in Matrix (the software Realtors…


Looking Ahead To The 2017 Housing Market

Looking ahead to the 2017 Housing Market Blame it on the election cycle, the climbing interest rates or affordability, and I’ve heard it all, the central Texas housing rate of growth very clearly slowed in 2016 compared to previous years. The good news is that the Austin metro area had another record breaking year with…


Reviewing the 2016 Housing Market

“Change in the Air”Reviewing the Housing Market 2016 proved to be another solid year for Texas home owners, sellers and buyers. Here in Central Texas, home values continued to climb to record numbers as did the total units and dollar volume sold. But with change hanging over heads all year long, it’s little surprise to…


Consider This: Fall Season Is Home Buyer Season

Consider this Fall season is buyer season! Last week we closed a first time home buyer who purchased a remodeled 3 bed, 2.5 bath home in south Austin, north of Slaughter, for only $233,500. That buyer only brought $8,000 to the table (earnest money, downpayment, inspection and appraisal) and left with a 3.5% interest rate and $1600 monthly…


January 2016 Housing Stats for Central Texas

January stats have been posted and it looks like we’re off to a bit of a slow start. Keep in mind that January closings are a result of December sales and as previously discussed, the last quarter was suggested to be slower than expected due to new mortgage regulations known as TRID. That said, I…


2015 Housing Statistics For Central Texas

Once again, 2015 was another amazing year for the Central Texas housing market for homeowners as well as those in the housing industry. Now that the final numbers for 2015 have been released, we can see that 2015 bested 2014 in every major category. Median and average prices are both up 8.6% and 7.6% respectively….


2016 Economic Forecast

2016 Economic Forecast Last week we attended multiple economic forecast presentations. My personal takeaway: more of the same once again for the local housing market. Sound a little familiar to the past few years? The fundamentals for our local housing market remain strong as we enter 2016. We have strong employment and population growth, we have low inventory with…