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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 use to list properties and to find opportunities for prospective home buyers). The top of the graphic is ABOR’s data. The bottom shows screenshots of the MLS data found in Matrix. Of note, demand, represented in the ABOR graphic is up 7% while Matrix shows a 4.4% increase. Supply represented in the graphic by months of…
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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 home values and sales. Though the housing market traditionally slows every presidential election year, I wouldn’t blame the second half of last year being slower than the previous three years solely on the election. The normalization of our market in 2016, meaning a less aggressive rate of growth, will likely continue – though check out the…
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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 see some rates of change slow to a more “normal” market, as yours truly projected last January. This time last year the Austin Board of Realtors reported that during 2015 the metro area saw 5% growth in terms of units closed and an appreciation rate of 8%, and citing it was “primarily due to our…
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New To The Austin MLS: “CS” Listings
New to the Austin MLS: “CS” listings For a few years, local buyers have had countless reasons to be frustrated. The lack of inventory has made it difficult to win offers and often they’ve missed out on opportunities entirely as some homes contract without ever hitting the open market. Realtors have tried countless ways to adapt creating numerous underground market portals that only fractions of the local Realtor community actually join. But now, a game changer from the Austin Board of Realtors (ABOR) and I think sellers and buyers will be pleased! The Austin Board of Realtors has launched a new MLS status called Coming Soon or CS. This new status was implemented in an effort…
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ABOR’s Press Release for August Statistics
Austin-area home prices set August record, outpace household income growth in August 2015 Austin Board of REALTORS® releases real estate statistics for August 2015 AUSTIN, Texas – September 22, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area single-family home sales remained high in August, increasing eight percent to 2,943 home sales compared to August 2014. Austin-area single-family median home prices, for both sales and leasing, set a record for the month of August. Median home sales prices increased by eight percent year-over-year to $265,000, while median home lease payments increased by seven percent to $1,600. Barb Cooper, 2015 President of…
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ABOR’s Press Release on March Statistics
Austin-area home prices reach all-time high, home sales set record for March 2015 Austin Board of REALTORS® releases real estate statistics for March 2015 AUSTIN, Texas – April 21, 2015 – Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. Barb Cooper, 2015 President of the Austin Board of REALTORS¬®, explained, “The Austin-area housing market is the least affordable it has ever been. Solving Austin’s affordability issues is not only dependent upon generating new, affordably-priced housing stock, but also…