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Tagged : Austin Real Estate Statistics

Found 14 blog entries tagged as "Austin Real Estate Statistics".

The Austin area real estate market saw steady growth over the first half of 2017 in average prices as home sales slowed somewhat from their historic marks over the past few years.  This first sign of a normalization in the market could be positive to moderate sales activity and pricing.  In many places around Central Texas, home prices are $10,000 to $20,000 higher than just a year ago though!  See the full market analysis below.

Austin-Round Rock Metropolitan Statistical Area (MSA)

The Single-family home sales in the five-county Austin-Round Rock MSA rose 2.8 percent year-over-year to 14,958 home sales in the first half of 2017, while median price rose 6.4 percent year-over-year to $300,000. Home listings also experienced gains in the first half of

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Demand and supply of housing in Austin continues to set records and May was no exception.  Home sales in the Austin metro reached $1 Billion in May and home sale volume was up nearly double digits year-over-year.  Below is a recap on all homeowners and buyers need to know about the recent trends in the market and what to expect in the near future.  

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®.  Home sales volume increased 9 percent year-over-year to 3,170 home sales in the Austin-Round Rock MSA and rose 9.7 percent year-over-year to 993 home sales in the city of Austin. Home sales

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To begin 2017 we saw a normalization of the real estate market as home sales began to slow  and inventory began to return to a more normal level.  As we head into the hot summer selling season the market seems to have responded.  Especially in the area;s surrounding Austin with dramatic home sale increases in Williamson and Hays county!  Below is the information that is pertinent for anyone thinking of entering the market as a buyer or seller.  

Home sales in the Austin-Round Rock MSA increased 3.2 percent year-over-year in April 2017 to 2,640 home sales. In the city of Austin, single-family home sales rose 2.2 percent annually to 827 home sales during the same time frame.

At the county level, single-family home sales jumped 8.6 percent

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Analyzing a growing disparity in market conditions among housing price classes, the report underscored the need for policies that create additional housing capacity to meet the market demand and a broader range of housing types throughout the region.

"Now that we are in the heat of Spring selling season we are seeing home sales in the luxury sector really pick up across Austin.  Although overall sales have fallen slightly from peak numbers last year the housing inventory is still low and people, nearly 150 a day, are moving to the Austin area.  We expect home sale numbers to continue to keep a strong pace going into the summer.  We also expect a large number of new homes to come to market over the summer which should help satiate first time buyers."

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Home sales growth throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in February 2017, indicating that the Central Texas housing market is beginning to normalize to more stable market conditions.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth. It’s important to remember that current figures are being compared to very strong housing market activity in 2016, so a decline in home sales growth does not automatically mean that the market is softening.”

Michele Turnquist, Owner and CEO of Engel & Volkers Austin said "The slowing of the market during the winter months and the fact people were

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Home sales in the Austin-Round Rock area increased 7.0 percent year-over-year in January 2017 to 1,549 home sales. In the city of Austin, single-family home sales jumped 9.8 percent annually to 469 home sales during the same time frame.  Michele Turnquist, owner at Engel & Volkers Austin, said "With a strong start to the year, we expect home sales and values to continue to increase over 2017.  With thousands of newly built homes coming to market in the coming months we hope there is a little easing of demand issues across Austin."

Housing inventory levels remained largely flat across the Austin-Round Rock MSA in January 2017, increasing 0.1 months to 2.0 months of inventory. Housing inventory levels in Williamson County and other markets are now on

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The Austin real estate market capped off 2016 in historic fashion by breaking the overall home sales record.  There has been a lot of news circulating about home values in the Austin area reaching record levels, but that did not slow home sales this year.  The market is showing signs of normalizing in 2017 though with homes spending more days on market in general and prices stabilizing.  What will this mean for the 2017 market?  Be sure to to check back next month as we review the trends of January!


Austin-Round Rock Metropolitan Statistical Area (MSA)

More than 29,000 (29,569) single-family homes were sold in the five-county MSA in 2016, a 3.9 percent increase from 2015 and an all-time high for annual home sales volume. Median price for

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Texas continues to be a high-demand destination for incoming residents across the United States, according to the Texas Relocation Report released by the Texas Association of Realtors. Based on state-to-state, county-to-county and city-to-city data from the U.S. Census Bureau, Texas ranked second in the nation for relocation activity in 2015.

Texas experienced a net gain of out-of-state residents in 2015, with 107,689 more people moving to Texas than Texas residents moving out of state. This is a 4 percent increase in the net gain of Texas residents from 2014 (103,465 residents). The total number of residents moving to Texas from out of state in 2015 increased 2.8 percent year-over-year to 553,032 incoming residents.

Locally Austin had the 5th

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As we head into the home stretch of 2016 as the holidays approach, Austin home sales have not slowed down at all!  Year-over-year sales are up double digits across Travis, Hays and Williamson Counties.  See the full market report and what our owner Michele Turnquist thinks of the market going into 2017.

Michele Turnquist, owner of Engel & Voelkers Austin said, “The surge in home sales is a somewhat unusual occurrence but with the shear number of people moving to Central Texas we have come to see seldom lulls in the market over the past 5 years. At this pace, 2016 will likely turn out to be another record year for Central Texas home sales."  She went on to say, "We expect 2017 to be another banner year as growth projections in both housing prices and

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As we head towards the holiday season Austin home sales declined everywhere except within the city of Austin where home sales were up 7.5 percent year-over-year.  Average prices though were up across the board as demand is still high across Central Texas.  Engel & Volkers Austin CEO Michele Turnquist said " We expect prices to continue rising across the city and surrounding suburbs as we head into 2017, but some relief for buyers could be on the way in 2017.  Home builders across the Central Texas have kicked into high gear and we are expecting thousands of new homes to be completed."  

After relatively flat growth throughout much of the year, single-family home sales in the city of Austin jumped 7.5 percent year-over-year to 703 home sales in October

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