Market Statistics

Found 11 blog entries about Market Statistics.

AUSTIN, TX–As single-family home sales continue to rise, another record-breaking year is expected for the Austin-area housing market, according to the latest monthly report from the Austin Board of REALTORS®. The November 2018 Central Texas Housing Market Report released today suggests another strong showing for the region.

"Sales are up 3.3 percent year-to-date for 2018,” Steve Crorey, president of the Austin Board of REALTORS®, said. “Pending sales volume in December, the Central Texas housing market is on track to have one of the highest-grossing years on record."

Austin-Round Rock MSA

In the Austin-Round Rock Metropolitan Statistical Area (MSA), sales volume slightly increased 0.7 percent year over year from 2,185 sales in November 2017

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Date – Monday September 10, 2018

Location – Avery Ranch Golf Club

Time -  Sign in at 6:30, Meeting Begins at 7:30

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Something we emphasize at our home selling seminars is there is a market for homes in any condition and it is definitely possible to sell a home that isn’t in great condition.

What we also know is the typical Austin area buyer is looking for a home that is in move in ready condition. Spending a little bit of money in the right areas will give you a worthwhile return on investment. One of the reasons home sellers in the Austin area hire us is because we know what buyers are looking for because we have had thousands of conversations with buyers over the years.

June gave us several examples of homes where our clients were rewarded by taking advice about how to prepare their home before putting it on the market.

The best example was between two

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Whenever I look at the real estate market statistics I like to pick out a few interesting things you might not know simply by looking at the numbers.

It is often difficult for me to explain how dollars per square foot works when trying to price real estate. Sometimes homeowners with beautiful homes will want to take the average $/SF and multiply that by the size of their home and then add their upgrades. In reality, when using the $/SF statistic for all of Austin, the numbers will skew more based on size than condition of the home.

A great example of this is the home in Austin that sold for the highest $/SF was also the smallest home and the home that sold for the lowest price. It is counterintuitive that your home which is likely much nicer and

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“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 is especially evident in local markets where housing demand is strongest, such as Austin and Cedar Park. Home price increases are sharpest in these markets, while dwindling housing inventory in the lower price classes could be discouraging people from buying.” In the Austin-Round Rock MSA, home sales increased 5.7 percent year-over-year in February 2018 to 1,955 sales. The median price of single-family homes increased 3.6 percent to $299,900. Housing inventory remained flat at 2.0 months, the same as last February. “While wages and jobs in

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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

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As we head into the new year everyone wants to know what’s going to happen wit the real estate market. Let’s look at some predictions for 2017. 

Keep in mind if you went back 14 years some of my predictions would be off the mark. That being said, this is the advice I would give someone in my family if they were interested in real estate in our area. 

Overall we will see the market continue to go from a super hot to only above average. Home prices will be higher at the end of the year but consumers need to remember there are markets within markets and typically you’re only buying or selling one home. 

Predictions For Austin Home Sellers

For home sellers we will see any increasing spread between the homes that are in great condition and

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Austin-area home sales hit all-time high, inventory levels rising in July 2015

Austin Board of REALTORS® releases real estate statistics for July 2015

AUSTIN, Texas – August 20, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales hit an all-time high, increasing 12 percent year-over-year to 3,149 sales for the month of July.

Barb Cooper, 2015 President of the Austin Board of REALTORS¬®, explained, “We’re in the midst of one of the most active summer selling seasons to-date, with more single-family home sales than ever before. Home prices remain high, but inventory levels have increased steadily throughout 2015, perhaps taking a step toward a more balanced

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Last week I heard another Realtor refer to south Austin real estate as a “war zone.” That might be an exaggeration but it’s definitely pretty bad out there.

The number of homes sold in the Austin MLS during March reached an all time high for the month of 2,440. That is a 13% jump from March 2014.

The median price was up 10% and average price up 13% to $334,758.

These numbers don’t tell the whole story. Believe it or not in some parts of our area things are even hotter than those statistics would indicate. Several times in March and April we have seen properties with over 10 offers on them. Many of these homes are selling for well over the asking price.

Stories of multiple offers have become common in south and central Austin over the last

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As we headed into the year I was interested to see what would happen to our real estate market. There has been talk that the drop in oil prices and that effect on the Texas economy combined with Austin real estate becoming what some believe is unaffordable would cool off the market. That has definitely not happened.

At the end of December our inventory of homes was up .2% over December 2013. That may have indicated the real estate market would ease up a little in January. It doesn’t look like that is a long-term trend. As of today the inventory of homes is back under 2 months. Homes that are in desirable areas are still selling quickly with multiple offers just like last year, if not even faster.

As an indication our first listing as a new

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