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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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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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$500 million Southeast Austin project calls for 4,000 homes, condos and apartments
A $500 million development that calls for more than 2,500 houses, 1,500 multifamily units and commercial space is in the works for fast-growing Southeast Austin The developer is Houston-based Hines, an international real estate firm. Its partners are Vancouver-based Trez Capital, based in, Dallas-Fort Woth-based Caravel Ventures and Tokyo-based Sumitomo Forestry. The project — which is being called Mirador — will be developed at a cost of more than $500 million, according to Hines executives. The company said financing is in place, but did not provide additional details. The Hines-led development group said this week that it has closed on the sale of the 1,400-acre site for the project. The property is bounded in…
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Burgeoning Austin suburb boasts second-hottest neighborhood for U.S. homebuyers
he population of Leander soared 123 percent from 2010 to 2020, and the growth shows no signs of letting up. A new report from residential real estate platform Opendoor provides further evidence of the continued popularity of the Williamson County suburb. Leander’s 78641 ZIP code ranks second on Opendoor’s new list of the country’s 10 most popular ZIP codes for homebuyers. To develop the list, Opendoor analyzed home sales in 2021 in the more than 40 markets where it operates brokerages. Chris Westrom, Opendoor’s senior general manager in Austin, says Leander benefits from the population and job growth occurring throughout the metro area. “Leander … offers residents a smaller-town charm while only being about…
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Zillow: Austin expected to be No. 10 hottest housing market, down from No. 1
AUSTIN, Texas — No. 1 no longer – at least, according to Zillow. In 2021, Zillow named Austin the hottest housing market in the country. But the real estate marketplace company announced on Jan. 4 that Austin is expected to fall to No. 10 in 2022. Zillow expects Tampa, Florida, to be the No. 1 market this year, with several Sun Belt markets following close behind. The top five include Jacksonville, Florida (No. 2); Raleigh, N.C. (No. 3); San Antonio, Texas (No. 4); and Charlotte, N.C. (No. 5). Zillow says these markets are expected to be hot in 2022 due to a combination of strong forecasted home growth, fast-moving inventory, strong economic fundamentals…
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Austin housing market remains on record year pace, report says
AUSTIN, Texas — The housing market in the Austin area is still on track for a record-breaking year despite a calming trend, according to the latest Central Texas Housing Report. The Austin Board of Realtors (ABoR) released its October 2021 report on Thursday. The report found that sales dollar volume increased 6.4% year-over-year to $1,836,686,318 and new listings increased 0.9% to 3,777. Home sales across the Austin-Round Rock metro area decreased 12.1% to 3,250 closings compared to October 2020, but the median sales price grew 24.7% year-over-year to $455,000, which set a record for the month of October. The report states that housing inventory in the Austin-Round Rock MSA dipped 0.1 months…
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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.’…
