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Austin’s median home price jumps nearly 29%, highest increase in nation
AUSTIN (KXAN) — The Austin housing market continues to set records despite all the hurdles and barriers it faces, the Austin Board of Realtors said in a report released Thursday. The Austin-Round Rock metropolitan statistical area covers five counties, and the board’s report said sales volume lost due to the February winter storms was recovered in March, and the median price for a home rose by nearly 29% compared to last year to an all-time high of $425,000. In a study by online housing brokerage Redfin, Austin’s median housing price jump was the highest in the nation, beating out Fresno, California and North Port, Florida, both at 23%. Redfin’s study…
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What to expect from the Austin Texas real estate market this summer
Coronavirus has been on the minds of just about everyone these days, especially when it comes to the local real estate market. Buyers want to know if now is the right time to buy a home while sellers also want to know if now is the right time for them to sell. Reversing a decade-long housing market hot streak, Central Texas “continued to feel the stark effects” of the coronavirus pandemic last month, as May home sales plunged nearly 30% and already scarce housing supply dropped to critically low levels, according to the Austin Board of Realtors. Despite the double-digit sales decline, local real estate agents and housing industry experts…
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Austin Texas Real Estate Market Update – June 2020
With the State of Texas having been reopened following Coronavirus the big question is how is the Austin Texas Real Estate Market doing? What can we expect this summer? In this article, I will break down the state of the ATX real estate market and provide you with tips if you plan on buying or selling a home here. What’s Happening With The ATX Real Estate Market? Before Coronavirus (BC), the Austin Texas Real Estate market had been on a record run, much like the Rolling Stones, the local real estate market didn’t show any sign of slowing down. After Coronavirus hit, the real estate market ground to a halt.…
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How to get your Austin Texas home ready for sale this summer
Are you planning on selling your Austin Texas home this summer? If so, you come to the right place! Now is the perfect time for you to start getting your Austin home ready for sale because you still have at least two months before you list it on estate market so there’s plenty of time for you to start tackling some projects around your house and getting it in Tip-Top condition so that we can list it on the multiple listing service for you. What are the projects that you should be doing? If it’s been a while since you did any work around your house, here’s a breakdown of…
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Austin Texas Is The Top City For Real Estate Prospects In 2020
Are you planning on buying or selling a home in the Austin area next year? If so, the ATX area continues to remain the top city for buying or selling a home in the United States, especially in 2020. Why buy or sell a home in the ATX area? The answers are simple. Homes in the Austin Texas area are still priced lower than other comparable properties nationwide, Central Texas has a thriving jobs market, there’s plenty of things to do in the area, and so much more! Buy Or Sell A Home In Austin During 2020 The Urban Land Institute, or ULI, cited Austin as the top U.S. real…
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Austin Texas Real Estate Market – Fall 2019 Update
It’s hard to believe that fall is almost here and another year is getting close to wrapping up! In spite of the up and down nature of the stock market and the economy, the real estate market has remained steady and continues to be one of the best investments. If you’ve been thinking about buying, selling, or are curious about how the real estate market is doing, this e-newsletter will provide you with information on the real estate market. Interest Rates As of September 12, 2019, the current interest rate for a 30-year fixed mortgage loan is about 4% depending on the mortgage company that you choose. Rates are expected…
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Austin Real Estate Market Update – July 2019
It’s hard to believe that it’s August 2019 already! If you plan on buying a home in Austin Texas this article will provide you with a breakdown of how the ATX real estate market did in July. Average Sales Price Right now, the average sales price for a home in Austin Texas is $396,110. This is an increase of close to 4% from July of 2018. Before buying a home in the ATX area make sure that you’re pre-approved for a mortgage loan because pre-approval will help your offer to stand out from other home buyers who may not have been pre-approved for mortgage loans. Units Sold Last month we…
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Austin Real Estate Market January – June 2019 Update
Are you planning on buying a home in the Austin Texas area before the end of 2019? If so, the good news is that the local real estate market remains strong. During the first six months of 2019 homes sales in the greater Austin Texas area actually rose by 4.3 percent while home sales in the city of Austin declined by 1.6 percent (Source – Austin Board of Realtors). “We have seen slight dips in Austin’s home sales before, but because this decrease is over the course of six months, it could be indicative of a larger trend,” Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said.…
