Austin Real Estate Market Closes the Year with a Bang

January 9, 2013 by · Leave a Comment 

  The Austin real estate market continued to break records as 2012 came to a close. In December, Austin had the lowest number of homes for sale in over 10 years. There were 5760 single family homes for sale in November. That number dropped to 5057 homes for sale in December. Low inventory fuels increased […]

December Austin Real Estate Report – Brisk Austin Housing Market

December 11, 2012 by · Leave a Comment 

The Austin real estate market is brisk with a record number of home sales and even lower inventory than last month. • Days on the market is the lowest in 7 years • Highest pendings in 7 years • Lowest number of homes for sale in 7 years • Highest market absorption in 6 years […]

Market has peaked for the year, still mostly a Seller’s Market

August 15, 2012 by · Leave a Comment 

Austin is projected to add 600,000 people by 2020 and an additional 800,000 people by 2030. In 18 years metro Austin will reach 3 million people! This continuous population growth at the time of a major US recession combined with less than normal new construction has made Austin a “Sellers Market” for homes below $600,000. […]

Market reaching peak, starting to slow, still mostly a Seller’s Market

July 14, 2012 by · Leave a Comment 

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.Good and well priced homes in this seller’s market usually receive an offer in a few days. That is Austin, now. Currently, demand is high and inventory is low across ALL Zip Codes and Areas! The average and medium prices of […]

June Market Report – High Demand and Low Inventory

June 14, 2012 by · Leave a Comment 

·        28% more homes sold last month than the previous month. However the number of homes for sale has only increased 3%.  More buyers and fewer homes is why the average days on market for homes sold is only 59 days.  This is 6% fewer days than last month and 35% less […]

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