Let’s get to the real estate statistics for Austin, Texas. In November, 2021 there were 392,976 Single Family Homes sold in the Austin area which was down 8.6% from 3,256 sales in November, 2020. The average dollars per square foot increased 32% to $272.70. The average price increased 25.1% to $587,380 and the median price increased to $472,490 which was an increase of 30%.

Let’s talk about predictions for 2022. Keep in mind nobody predicted what’s happened in the last 2 years. Probably the only thing we can be sure of is something else is going to happen out of the blue that’s going to completely change everything.

The best advice I can give you for the next 3 months is to buckle up and hold on tight. I’m not saying we are going…

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Let’s review the Austin real estate statistics. In October there were 3,353 homes sold which was down 16.4% from October, 2020. The months of inventory is slowly increasing to 1.3 months from 1.1 last year. This is the most important supply and demand statistic to watch and as we head into the end of the year and January, it will tell us where the market is heading. Keep in mind anything under 4-6 months of inventory is considered a sellers’ market so we have a long way to go and buyers have to be careful not to overestimate the market moderating to mean the market is crashing.

The average sold price increased 20.6% to $555,124 and the median sold price increased 25% to $450,000. This is also an increase from September’s median price…

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Hi Austin area homeowners. I’m Eric Peterson Broker of Kopa Real Estate. Let’s review the most recent Austin real estate statistics.

In September there were 3,437 homes sold which is down 10% from last year.

The average sold price was up 22.7% from last year but down 2% from August.

The median price was $463,000, up 34.2% from last year but down 5% from August.

The average sold price to original list price was 101.4%. That means homes were selling on average for 1.4% over list price.

The average days on the market is 16 days, still down considerably from last year at 39 days but up 2 days from August.

Overall homes are still selling fast and we are still in a strong sellers’ market although not quite…

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 Let’s get to the statistics for August, 2021. We are still seeing huge increases in the year over year statistics. The big story is the huge month over month increases in average and median sales prices has dipped for the first time this year.

As a reminder these statistics cover the entire Austin MLS area. If you’re interested in a particular area you may want to check out one of our other blogs and videos or contact me directly.

Let’s start by looking at the listing inventory numbers. In August there was a total of 3,969 sales which is down 9.6% from last year and slightly up from 3,846 sales in August, 2019. The number of new listings is up 15.3% to 4,873 and the number of pending sales is down 34.9% to 2,877.

The months of…

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I’m going to talk about changes we are seeing in the Austin real estate market, review the most recent real estate statistics and talk about what we expect to see in the near future.

We do know why prices have risen so dramatically this year. It’s because there have been so few homes for sale, that’s no secret. When a home is called “Active” it means it is not under contract, you can actually buy that house. If we go back 2 years there were 7,133 Active homes for sale in June, 2019. In June, 2020 we dropped to 5,300. By January of this year, we were barely over 1,000 but slowly the inventory of homes is increasing. In June, 2021 there were 2,265 Active homes.As I shoot this video in mid-July there are over 3,000 Active homes on…

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Let’s get into it and talk about the most recent sales statistics for the Austin real estate housing market. In May there were 4,033 sales which is up 40.5% from last year. This is a misleading statistic. Of course, we know last year many sellers held off putting their homes on the market and so the number of sales from last year was artificially low. If you look at the last two years the sales in May were essentially flat from May, 2019.

The pending number of sales was down 33.8% from 4,370 in 2020 to only 2,895 homes under contract in May, 2021. That will probably mean when we get the final statistics for June sales those numbers will be well below last year and many of the headlines will talk about how the sales market is dropping,…

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People often ask me what I would do in their situation. We just bought a home 3 weeks ago. My wife found out a Realtor was selling his own home off market. It turns out it is the exact home we had been looking for. I’m a very analytical person, probably like many of you watching this video. Analytical people have a tendency to be indecisive. Because I recognize I can be too analytical I force myself to be more decisive. We had already decided this was the type of home we wanted to buy. Before this home became available, I had thought about what I hoped to buy a home for and the maximum I would pay. That allowed us to decide quickly to make an offer and get it accepted before it hit the market.

One of the challenges many buyers have,…

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Austin Real Estate Housing Market Update March 2021

When people ask me if they should sell their home I say “Only if you want to sell it for more than it’s worth.”

The best way I have found to describe what’s happening in the Austin real estate market is to compare the value of your home to an ice cream sundae. Think about your home’s value being 3 scoops of ice cream. That’s what it should be worth.

However, because we are seeing the number of active listings being down 78% from a year ago buyers are more and more desperate. We are seeing buyers lose out on 6,7,10 homes and getting to a point of desperation they throw a ton of extra money at the next offer. This desperation is like the whipped cream and cherry on top of the ice cream…

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I’m going to review some of the important housing statistics for the Austin real estate market for February 2021. 

Before I get into the stats there are a couple things I want to talk about. Because real estate prices have been appreciating rapidly when I talk with sellers some will often make statements starting with “The market is so hot that XYXZ.”

"The market is so hot I can sell off market."

"The market is so hot presentation doesn’t matter."

"The market is so hot the Broker I hire doesn’t matter."

It’s as if there has been some government executive order that says you can only sell your home for $600,000 no matter what you do.

In reality, we are seeing sellers sell off market telling me they sold for $50,000 above the…

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The #1 question people ask me is “How’s the market?” Real estate statistics mostly tell you where the market has been. It’s like driving while looking through the rear-view mirror. If you want to know where the market is heading and drive while looking through the windshield you will want to follow the 4 most important housing market indicators. These are the statistics I look at when talking with someone about buying or selling a home.

Months Of Inventory

Months of inventory tells you how long it would take for all the homes that are currently on the market to sell if no additional homes were listed. A market with 4-6 months of inventory is generally considered a market balanced between buyers and sellers.

When the months of…

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