Statistics

Read the latest market statistics on the Austin Real Estate Market.

There are currently 42 blog entries related to this category.

Realty Austin Market Update for April 2014

Tuesday, May 27th, 2014 at 4:40pm. 851 Views, 0 Comments.

Austin Market Stats -April 2014

Austin Board of REALTORS® reported that 2,479 single-family homes were sold in the Austin area in April 2014– 1% more than April 2013. The median price for Austin-area homes was also up 6% at $239,900.

Austin's population and job growth is rapidly exanding and so are the number of homes sold. Get ready for a busy summer buying season, Austin!

In April, homes sold 5 days faster and spent an average of 45 days on the market.

Market activity is on the rise, with a 1% increase in year over year sales, totaling $765,396,208.  There are 3,481 new homes on the market and going under contract with 6% fewer pending sales in April 2014 compared to last year.

Austin Market Stats Infographic by Realty Austin

Austin Real Estate Market Snapshot - April 2014

April 2013 vs April 2014 Market

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Realty Austin Market Update for March 2014

Wednesday, April 30th, 2014 at 9:37am. 1,741 Views, 0 Comments.

Austin Real Estate Market Snapshot

Austin Market Stats - March 2014

Austin Board of REALTORS reported that 2,262 single-family homes were sold in the Austin area in March 2014–7% more than March 2013! The median price for Austin-area homes was also up 6% at $231,750.

Will the currently strong housing market in Austin continue to see growth across all segments? Austin's population and job growth keep escalating and so does the number of homes for sale in this great city! This market doesn't look to be slowing anytime soon, so get ready for a continuing busy season in Austin, Texas real estate!

Inventory reduced 0.4 months from 2.6 months in March 2013 to 2.2 months in March 2014. Homes are selling 13 days faster spending an average of 51 days on the market.

Austin's housing market

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Realty Austin Market Update for February 2014

Thursday, April 3rd, 2014 at 3:20pm. 1,966 Views, 0 Comments.

Austin Real Estate Market Snapshot

Austin Market Stats - February 2014

Austin Board of REALTORS reported that 1,761 single-family homes were sold in the Austin area in February 2014–9% more than February 2013! The median price for Austin-area homes was also up 11% at $230,530.

Will the Spring season of 2014 continue to see a strong housing market in Austin, across all segments? Austin's population and job growth keep climbing and so does the number of homes for sale in this great city! There are no signs of slowing down anytime soon, so get ready for another busy Spring season in Austin, Texas real estate!

Inventory reduced 0.6 months from 2.6 months in February 2013 to 2 months in February 2014. Homes are selling 16 days faster spending an average of 55 days on the market.

Austin's

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SXSW's Impact on Austin's Economy

Tuesday, April 1st, 2014 at 1:00pm. 974 Views, 0 Comments.

SXSW 2014 - Economic Impact on Austin Image by Jack Plunkett

South by Southwest, Austin's massive film, music and interactive festival is known not only for bringing major talent to the Lone Star state, but also for its great impact on the city's economy.

The 2013 Economic Impact Report states that last year the 10-day festival brought in $218.2 million to the economy. With thousands upon thousands of visitors and residents buying local, the short-term impact on area businesses is significant. Long term effects on the economy result in new retail businesses, real estate purchases, and improvements to infrastucture.

As the fesitval grows, the city faces new challanges and must be proactive in making improvements to this city-wide event.  An estimated 155,000 people attended at

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Fastest Job Growth and Second Lowest Unemployment Accelerates Austin’s Economy

Tuesday, April 1st, 2014 at 11:01am. 1,309 Views, 0 Comments.

Austin, TX - Fastest Job Growth and 2nd Lowest Unemployment Rate Original image by hdrgolf.wordpress.com

Austin currently has the fastest job growth rate and the second lowest unemployment rate nationwide, despite being the 35th largest metropolitan area in the U.S. More than 37,700 jobs were created in the last year in Austin, beating both San Francisco and Orlando's job growth.

According to the U.S. Bureau of Labor Statistics, Austin accounted for 874,700 total nonfarm payroll jobs as of January 2014, a 4.5% change from the previous year. Of the almost 38,000 jobs created in the past year, half include jobs in two major industries, professional & business services, and leisure & hospitality. The goods-producing industry accounts for the smallest share at 10.9%. Cities in close competition for highest job

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Realty Austin Market Update for 2013

Thursday, February 6th, 2014 at 6:12pm. 1,578 Views, 0 Comments.

Austin Real Estate Market Snapshot

Austin's Real Estate Market - 2013

Austin Board of REALTORS reported that 27,298 single-family homes were sold in the Austin area in 2013–19% more than 2012! The median price for Austin-area homes was also up 9% at $223,890.

Will 2014 bring an even stronger housing market in Austin, across all segments? With no signs of decline, Austin's population and job growth will keep climbing and so will the number of homes for sale in this great city! It has been full steam ahead throughout the holidays with no signs of slowing down anytime soon. Get ready for another busy New Year in Austin Texas real estate!

Homes are selling 19 days faster spending an average of 50 days on the market.

Austin's housing market increased its activity again selling 28% more

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Austin Luxury Market Booms in 2013

Thursday, January 30th, 2014 at 2:35pm. 2,181 Views, 0 Comments.

Austin Luxury Market Analysis 2013 Realty Austin's Featured Luxury Listings

Realty Austin co-owner, Jonathan Boatwright, discussed the luxury market in Austin, Texas with the Austin Business Journal.

Austin's luxury market, which saw a considerable increase in sales in 2013 compared to 2012, had nearly $883 milllion in sales of homes sold at $1 million or more. Upon crunching numbers, Jonathan found that 555 homes were sold - a 49 percent increase from 2013, when just 373 were sold. This statistic does not include luxury homes that were not listed in MLS.

The average price per square foot was $326, a $3 increase from the previous year. Average days on the market for luxury homes was also reduced by 33 days from 2012.

The downside to the dynamic sales of 2013 is that the

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Austin is the Best City for Job Seekers

Tuesday, January 21st, 2014 at 6:02pm. 1,239 Views, 0 Comments.

Austin, TX is Best City for Job Seekers 2014 Original Image by BusinessWeek

Austin is the place to be for insurmountable reasons. For most, they are appealed by the vast numbers of opportunities one can discover in the capital of the Lone State State. The state itself was named the #1 Most Competitive State, the #2 Best State for Business, as well as the #2 Best Entrepreneurial Climate. Fellow Texan cities, like DFW, San Antonio and Houston help to keep Texas in the high ranks, but Austin has taken the lead on most occassions. According to NerdWallet, the Best City for Job Seekers in 2014 is the one and only - Austin, TX!

Factors taken into account were the working-age population growth from 2010 to 2012, monthly homeowner costs, median income for workers and the unemployment rate. For

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Realty Austin Market Update for November 2013

Monday, December 30th, 2013 at 2:24pm. 801 Views, 0 Comments.

Austin Real Estate Market Snapshot

Austin Board of REALTORS reported that 1,899 single-family homes were sold in the Austin area in November 2013–14% more than November 2012! The median price for Austin-area homes was also up 10% at $219,530.

Will 2014 bring an even stronger housing market in Austin, across all segments? With no signs of decline, Austin's population and job growth will keep climbing and so will the number of homes for sale in this great city! It has been full steam ahead throughout the holidays with no signs of slowing down anytime soon. Get ready for another busy New Year in Austin Texas real estate!

Inventory reduced 3/4 of a month from 3.05 months in November 2012 to 2.3 months in November 2013. Homes are selling 16 days faster

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Austin's Unemployment Rate Sets Steady Pace into 2014

Monday, December 23rd, 2013 at 12:23pm. 1,473 Views, 0 Comments.

Image of Austin Job Search - Austin has the 2nd lowest unemployment rate of major U.S. cities Image by Bizjournals

Austin's unemployment rate drops to 5.1% – 2nd lowest in nation and 2% lower than national average.

The Bureau of Labor Statstics released its list of the major U.S. metropolitan cities (cities with populations over 1 million people) with the lowest unemployment rates in October 2013. Austin has the 2nd lowest unemployment rate of major U.S. cities and shows no signs of slowing down as it continues to attract international tech companies like Google and Apple. Between January 2013 and October 2013, Austin employers added 20,795 jobs outpacing the labor force gains over the same period of 15,289. Down from 5.8 percent in January to 5.1 percent in October, Austin's unemployment rate is 2% below the national unemployment rate

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