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Austin Texas Real Estate Market – June 2022 Update
Summer is only getting started and the real estate market in Austin is still hot. If you’ve been thinking of buying or selling a home in Austin, this article will provide you with an update on what’s happening in the ATX real estate market. Inventory Is Up! There’s no denying that inventory has been a consistent problem over the last 5 years, especially in Austin, as homes received multiple offers as soon as they were listed, sold fast and drove up home values fast across the ATX area. In 2022, we now have a good problem, there’s more inventory than in years past. Buyers have more homes to choose from…
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Austin housing market showing signs of calming down, according to new report
AUSTIN, Texas — New data released by the Austin Board of Realtors (ABoR) indicates that the real estate market is calming down. According to ABoR’s May market report, housing inventory in the Austin-Round Rock MSA is improving. Active listings skyrocketed 146% compared to last May. That’s a total of 4,173 listings. The rise in listings has caused the housing inventory to more than double to 1.2 months of inventory, up from 0.7 months last May. ABoR reported that last month residential home sales declined 6.7% year over year as the median price rose 19.6%, maintaining the all-time record of $550,000 set in April 2022. Sales dollar volume grew 9% while new listings also…
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Is It Still A Good Time To Sell Your Austin Texas Home?
Thanks to recent Austin Texas Real Estate market data, we know that it’s still a great time to sell your Austin Texas Home because, new listings increased by more than 20% in recent months, as sellers continued to list their properties in the hopes of beating a slowdown in the real estate market. Could a slowdown occur? As of May 2022, we saw a total sales decline for three months in a row as appreciation in the ATX area normalized. Is It Still A Good Time To Sell? Should sellers be concerned about what’s happening with the ATX real estate market? Sellers should be aware that the market is changing,…
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3 Things Buyers Should Know About The Housing Market
Planning on buying a home in Austin Texas? If so, now continues to be a great time to buy Real Estate in ATX. Before moving forward with buying a home in Austin Texas, there are several things that you must know about the real estate market including the following: Be Prepared For Rising Monthly Costs 2020 seems like 10 years ago now considering that back then, rates were as low as 3% for a 30-year mortgage, while in 2022 they are now over 5%. This means that home buyers can expect higher monthly costs once they do purchase a home, so it pays to shop around for the lowest mortgage…
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What To Look For When Buying A Fixer Upper Home
Are you planning on buying a fixer-upper home in Austin Texas? If so, you’re not alone. In 2022, many people see buying a fixer-upper home as a path to home ownership but, before just purchasing any property, you have to know what to look for. In this article, I’ll offer you several tips that you can use to effectively buy a fixer-upper home in Austin that’s not going to become a money pit. Dry Rot One of the first things to look for before purchasing a fixer-upper property in Austin Texas is dry rot. This typically occurs when water gets into the frame of the house and the wood expands…
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Austin Texas Real Estate Report – May 2022
With May quickly drawing to a close, it’s important to take the time to look back on how the Austin Texas Real Estate Market is doing, and what we can expect in the future. As of May 30th, 2022, the medium price for a home in the Austin area is $639,000, up 20% from the previous year. Between May 16-23rd, there were 596 new listings in Travis County, 161 in Hays County, and 398 in Williamson County. Slight Decrease In Homes Sold Year-Over-Year Is the Austin Texas real estate market finally starting to slow down? That’s anyone’s guess but if we look at the slight decrease of homes sold in…
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Austin booms among top real estate markets for new homes, report says
The Austin new-home market is booming, according to a new ranking from real estate platform Point2. Austin is tied with San Antonio for third place on the list of the major U.S. cities with the most new homes for sale that were built in or after 2012. The ranking is based on active listings from Point2, Redfin, Realtor.com, and Zillow during the last week of April. For Austin and San Antonio, the number of new homes on the market represented a 42 percent share of all homes for sale. El Paso topped the list, with 51 percent of homes for sale being built in or after 2012. At the opposite end of…
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Tips For Reducing Stress During The Home Buying Process
Buying a home is one of the most exciting times in life because of the simple fact that it means you’re going to either be moving up to a bigger home, or you’re going to be purchasing a house for your first name. Regardless of the reason why you’re buying a home now, one thing is for certain, the Austin home buying process can be stressful from start to finish. Thankfully, you can avoid the stress that comes during the home buying process when you follow these simple tips. Tip #1 – Rate Hikes Are Not The End Of The World There’s no denying that rate hikes can be a…
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Austin Texas Events – May 2022
May is almost here and with the awesome weather also comes plenty of great things to go in Central Texas! Here is a list of cool things to do in the Austin area during May. Latino Music Month Various Venues The many Latino music genres are showcased during performances on the Plaza at Austin City Hall each Friday at noon. Other special events throughout the month are presented as well. 5/7/22 – 5/8/22 Pecan Street Spring Arts Festival East Sixth Street A free, family event, the Pecan Street Festival is the oldest and largest art festival in Central Texas. Musicians, food vendors, artists and crafts people turn Sixth Street –…
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Electric Vehicle Ownership On The Rise In Travis County
In 2022, it’s not uncommon to see at least one Tesla in Austin, or across Travis County, daily, compared to two years ago when seeing the most well-known electric car on the market was like spotting a unicorn. One of the biggest reasons why more drivers are investing in electric vehicles in Travis County is Elon Musk, the founder of Tesla, who has a home and factory in the Austin area. Since Tesla’s are now made in Texas, it’s not unlikely that we will see more people driving EMV’s in the next 5 years, especially if prices on the average electric vehicle become more affordable for the average car buyer.…
