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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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2905 E 13th Street – Austin Texas Home For Sale
Searching for an Austin Texas home for sale? If so, don’t miss 2905 E 13th Street in Austin! Located just two miles from downtown Austin, this 3 bedroom, 3 bath home offers 1,780 square feet and a large lot with plenty of room for anyone to enjoy their piece of Austin Texas. About 2905 E 13th Street Large and spacious, this $900,000 home is also located in a great neighborhood that’s also close to the newly improved Upper Boggy Creek Trail and there are plenty of great shops, stores, and things to do in the area as well. From this house you will also be able to enjoy downtown fireworks…
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Texas Realtors: Austin median home price jumped nearly double the state average in 2021
A new report from the Texas Realtors showed the statewide real estate market in 2021 was hot, but the Austin-Round Rock market was even hotter. While statewide median home prices jumped 15.7% from 2020 to $300,000, the report said median home prices in Austin-Round Rock shot up nearly 31% to $450,000 since 2020. Since 2018, median home prices have climbed $145,000 — meaning the median home price just four years ago was $305,000. It was the seventh consecutive year the median home price in Texas rose, the report said. The report, which is the 2021 year-end report by Texas Realtors, said Austin has the highest average rent of anywhere…
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Austin’s booming housing market is redefining what counts as ‘luxury’ real estate
AUSTIN, Texas — We’ve all seen the headlines: Austin’s real estate market is booming. The median price for a home in the Austin-Round Rock area is currently $480,000. Four years ago, it was $301,000. That’s a 59% increase in less than five years. And the shifting real estate market is changing which properties are considered “luxury real estate.” In Austin, a $1 million price tag used to be the benchmark for a luxury property. But now $1 million could buy you a townhome near downtown or a teardown in other parts of town. “I remember when having a $900,000 listing, everybody was like, ‘Whoa, she is a really big listing.’…
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Austin home prices are up 36% since this time last year, report says
AUSTIN, Texas — Austin’s housing prices are still rising month to month, according to Realtor.com’s July Housing Report. Realtor.com reports that Austin home prices are up 36% year-over-year. Nationally, listings are up and small home prices are down, according to the July report. Realtor.com reports new listing increases are the highest in Midwestern cities like Columbus, Ohio, Cleveland and Milwaukee. Realtor.com also reported that while inventory is still lower nationally compared to last year, the rate of decline is improving. The U.S. median listing price was $385,000, a 10.3% increase year-over-year, and the typical U.S. home spent 38 days on the market in July. But in Austin, homes go faster and cost…
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Austin’s housing boom pushes people to buy Hill Country land at record pace
BURNET COUNTY, Texas — With record-low housing inventory in Austin and Round Rock, many more families are looking out in the suburbs and beyond, buying up land in the Hill Country at a record pace. In this hot housing market, there is a delicate balance between having a home and being able to afford to stay in it. Retiree Terry Standifer had plenty of hobbies and experience to know it was time for a change. “The only way you gain any benefit from a rising cost in housing is actually to move. With property taxes in Austin becoming more like the Bay Area, where even if you can afford the…
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Thinking About Buying An Austin Texas Home? Make Sure You Hire A Real Estate Agent First
Are you thinking about buying in Austin Texas home? If so, you’ve come to the right place! The Austin Texas real estate market continues to remain hot thanks to historically low interest rates and high demand for real estate in the local area. What do these two things mean to you? As a buyer, you have to know that buying a home during a competitive real estate market can be really challenging, this is why you want to hire a professional real estate agent to help you find the right property. Over 20 Years Real Estate Experience Unlike some real estate agents for just getting started in local real estate,…
