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Austin Housing Market Report Year-End & December 2022

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future.

 

Now is the time of year when housing industry experts analyze the market data to forecast what’s to come. We’ve rounded up a few of the most important predictions for you to consider below, but before we get to it, let’s talk about how we finished 2022.

 

Median home prices peaked in May and declined by 16% through December. The year ended with the median price for a home in Austinsetting a new annual record of $503,000, according to the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined 18% last year and…

San Antonio Housing Market Report Year-End & December 2022

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future.

Now is the time of year when housing industry experts analyze market data to forecast what’s to come. We’ve rounded up a few of the most important predictions for you to consider below, but before we get to it, let’s talk about how we finished 2022.

Median home prices peaked in June and declined by 6% through December. The year ended with slight increases in average and median prices for a home in San Antonio at $379,000 and $324,000, respectively, according to the San Antonio Board of REALTORS®. Despite this increase, the housing market continued shifting towards buyers as home…

3 Things Homebuyers Need to Know

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future. 

Is now a good time for you to buy a home? The answer is “maybe” until you know all your options. Different motivators create the need to move for every individual or family. Don’t be fearful of fluctuating mortgage rates to put off your needs or what is important to you and your family. A trusted real estate advisor can help you navigate the market. There are many unique options, including affordability resources and creative financing, to help you move forward with confidence. The affordability challenge is real, but we’re here to help.

1. You can “buy down” a mortgage rate

High…

What Caused the Growth in Housing Inventory?

Whether you are a current or prospective homeowner or renter, and regardless if you are considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Austin. We understand the importance of providing you with a transparent outlook on the health of the local market so that you can make informed real estate-related decisions. Our blogs are here to provide you with the data to create clarity. Read below to gain valuable market insights and connect with one of our local agents today!

After a decade of low-interest rates and rising home values, 2022 continues to be a year of transition. Spiked mortgage rates and elevated prices have moderated the peak frenzy of buyer demand (pending…

Realty San Antonio Donates $15K to San Antonio Habitat for Humanity

On Friday, November 4, Realty San Antonio agents and staff gathered for their 2nd Annual San Antonio Habitat for Humanity home build to build a home for the Flores Family. Realty San Antonio agents donated $10,000 and 105 volunteer hours throughout the build.

The Flores family is thrilled to start building a better future and leave their unaffordable living conditions behind.  Homeowner Angelica Flores said, “We will feel secure in a new and nice neighborhood. With the affordable mortgage payment, it will allow me to go back to school.” Angelica also hopes her new home will allow her to cut back on hours at work and sign her boys up for a sport. “Having this home will make me feel like I achieved something great. We can’t wait to be living in our own…

San Antonio Housing Market Report November 2022

Whether you are a current or prospective homeowner or renter or are considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Central Texas. Our blogs are written to provide you with the data to create clarity so that you can make informed real estate-related decisions. Read below to gain valuable market insights and connect with one of our local agents today!

Median home prices in San Antonio declined for the fifth month in a row to $314,625 from their peak in June at $348,200. Homes are still appreciating year over year by 5% for the month of November 2022 according to data from the San Antonio Board of REALTORS®. Homes are now selling for 94% of their asking price, as…

Austin Housing Market Report November 2022

Whether you are a current or prospective homeowner or renter or considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Central Texas. Our blogs are written to provide you with the data to create clarity so that you can make informed real estate-related decisions. Read below to gain valuable market insights and connect with one of our local agents today!

For the first time since 2019, median home prices in Austin remained unchanged year over year at $467,000 for the month of November 2022, according to the Austin Board of REALTORS®. Home prices in Austin have declined for six consecutive months from their peak in May at $550,000. Homes are now selling for 90% of their…

Is Buying a Home Still a Good Investment?

Whether you are a current or prospective homeowner or renter, and regardless of whether you are considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Austin. We understand the importance of providing you with a transparent outlook on the health of the local market so that you can make informed real estate-related decisions. Read below to gain valuable market insights and connect with one of our local agents today!

 

Mortgage rates have eased into the mid-6% range, improving affordability compared to last year’s highs. At the same time, Austin’s housing supply has risen to 5.9 months of inventory, giving buyers more choices and negotiating power. Sellers are responding with…

55 Realty Austin Agents Win Top Honors at Platinum Top 50 Awards

The process of buying and selling a home is an exciting, albeit stressful one. That's why people need a trusted, qualified, and professional agent on their team. These days, it's easy to find a home online without the help of an agent. However, the benefits of having agent representation far outweigh the cons. Through the PT50 recognition program, the organization has cultivated an inclusive list of qualified residential agents. PT50 agents check all the boxes; they're at the top of their game professionally, but are also committed to spending their time in the community and pursuing industry excellence.

Realty Austin proudly congratulated 55 top agents who were honored at the Platinum Top 50 Awards ceremony on Thursday, December 15, 2022. 19 Realty…

Relocation Guide

If you are considering a move to the San Antonio area, we have a free 68 page San Antonio Relocation Guide that is an invaluable resource. This comprehensive guide has information on Major Employers, Public Schools and Ratings, Private Schools, Pre-Schools and Day Care Centers, Colleges and Universities, Places of Worship, Healthcare Providers and many others.

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