Central Texas housing market ends quarter with strong sales

Central Texas housing market ends quarter with strong sales

Austin Area, Real Estate News
Single-family homes spent less time on the market AUSTIN, TX–The Austin housing market continues to show increased demand, with double-digit percent increases in sales in March 2018 according to the Austin Board of REALTORS® (ABoR). The Austin-Round Rock Metropolitan Statistical Area (MSA) experienced a 10.5 percent increase in sales compared to the same time last year, the March 2018 Central Texas Housing Market Report found. “Last month, 2,714 single-family homes were sold in the five-county Central Texas region, which is more sales than any March we’ve seen on record,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “This type of growth early in the year indicates a strong summer selling season ahead. Those who are interested in buying or selling a home this summer should seek out the services…
Read More
Central Texas home sales, prices jump in February 2018

Central Texas home sales, prices jump in February 2018

Austin Area, Real Estate News
Strong population growth causes home prices to spike, inventory to drop in local markets with strongest demand AUSTIN, TX–February is typically a slow month for home sales, but the Central Texas housing market didn’t slow a bit last month, according to the latest report from the Austin Board of REALTORS® (ABoR). The February 2018 Central Texas Housing Market Report showed that while home sales volume across the Austin-Round Rock Metropolitan Statistical Area (MSA) grew in February, areas with the highest market demand and lowest inventory experienced double-digit percent price increases and annual declines in sales activity. “Last month, economists predicted an upwards of 5 percent growth in median home prices within the Austin area, and we have far surpassed that,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “This…
Read More
January 2018 Statistics

January 2018 Statistics

Austin Area, Real Estate News
Following are December 2017 single-family housing market statistics for the Austin-Round Rock MSA 1,655 – Single-family homes sold, 8.5 percent more than January 2017 $290,000 – Median price for single-family homes, 3.6 percent more than January 2017 68 – Average days homes spent on the market, 8 days more than January 2017 2,316 – New home listings on the market, 7.9 percent fewer than January 2017 4,876 – Active home listings on the market, 4.2 percent more than January 2017 2,365– Pending sales for single-family homes, 12.2 percent more than January 2017 1.9 – Months of inventory, the same as January 2017 $593,796,056 – Total sales dollar volume, 10.6 percent more than January 2017   CodeNEXT’s third draft aims for responsible planning AUSTIN, TX–The Austin Board of REALTORS® (ABoR) first market analysis of the year shows steady increases in single-family…
Read More
December 2017 Statistics

December 2017 Statistics

Austin Area, Real Estate News
Following are December 2017 single-family housing market statistics for the Austin-Round Rock MSA 2,653 – Single-family homes sold, 12.6 percent more than December 2016. $310,000 – Median price for single-family homes, 7 percent more than December 2016. 71 – Average days homes spent on the market, 10 days more than December 2016. 1,635 – New home listings on the market, 3.2 percent more than December 2016. 5,220 – Active home listings on the market, 8.8 percent more than December 2016. 1,971– Pending sales for single-family homes, 23.8 percent more than December 2016. 2.1 – Months of inventory, 0.1 months more than December 2016. $998,896,239 – Total sales dollar volume, 18.9 percent more than December 2016. Sales increased despite flooding, taxes and rising prices AUSTIN, TX – Central Texas had yet another record-breaking year for total homes sold, according to…
Read More
November 2017 Statistics

November 2017 Statistics

Real Estate News
Single-family home sales continue to decline in city of Austin, increase regionally AUSTIN, Texas – Dec. 14, 2017 – Single-family home sales declined in the city of Austin but increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the second month in a row, according to the November 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “Due to rapid population growth throughout Central Texas, Austin continues to have one of the highest demands for housing in the nation. Homes sales are the strongest where price points are the lowest and where development options are available, such as parts of Williamson and Hays counties. We are seeing some slowing home price appreciation and housing inventory gains, which…
Read More
October 2017 Statistics

October 2017 Statistics

Real Estate News
AUSTIN, Texas – Nov. 14, 2017 – Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, but declined in the city of Austin, according to the October 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “The Austin-Round Rock housing market continues to slightly outperform last year’s home sales activity, keeping 2017 on-pace for another record year for home sales. At the same time, low housing inventory levels along with constrained housing development activity throughout the city of Austin are preventing home sales growth at the city level.” Single-family home sales in the Austin-Round Rock MSA increased 2.2 percent year-over-year to 2,292 home sales in October 2017. During the same time frame, single-family…
Read More
Home sales decline across Austin-Round Rock MSA, inventory rises in September 2017

Home sales decline across Austin-Round Rock MSA, inventory rises in September 2017

Real Estate News
Austin Board of REALTORS® releases September 2017 Central Texas Housing Market Report Single-family home sales declined across most of the Austin-Round Rock Metropolitan Statistical Area (MSA) in September, while inventory levels continued to increase, according to the September 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “Despite last month’s dip in home sales activity, it’s important to remember that we’re comparing our current figures to the record-breaking housing market activity in 2016 and it’s not necessarily indicative of a downturn.” Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS®, agreed: “Austin has had one of the fastest job growth rates in the country over the past…
Read More
Survey: Pets Drive Millennials’ Decision to Buy

Survey: Pets Drive Millennials’ Decision to Buy

Real Estate News
Daily Real Estate News | Friday, August 04, 2017 Marriage and having children may be the life events that traditionally have prompted people to transition into homeownership. But for some millennials, the need for more space is particularly tied to their furry friends. A third of recent home buyers ages 18 to 36 say their decision to purchase was based on the desire for a larger property with a yard for their dog, according to a survey conducted by Harris Poll on behalf of SunTrust Mortgage. While 33 percent of 412 millennials surveyed listed their pet as their top homebuying motivation, 25 percent listed marriage and 19 percent listed the birth of a child. The only factors respondents ranked higher than dogs are the desire for more overall living space…
Read More

Austin Board of REALTORS® releases May 2017 Central Texas Housing Market Report

Buying, Real Estate News
Single-family home sales volume jumps, tops $1 billion in May 2017 AUSTIN, Texas – June 15, 2017 – Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented, “Housing is the backbone of our region’s economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing activity and inventory,…
Read More