March set another record for the Austin-Round Rock real estate market when the median home price reached $521,100, which is a 22% increase from March 2021. Houses spent an average of 21 days on the market, which is down 6 days from this time last year. Keep reading to learn about the current Austin market, and figure out how to be better prepared for common hurdles and challenges.

“The slight inventory increase in March is a welcome sight for those watching the pace of the market," says Realty Austin Head of Sales Jolene Weinstein. “The demand for homes in Austin is continuing to rise, and we’re seeing buyers look further from the city center than before.”

Some of the best places for first-time buyers in Austin are near the city outskirts, and these…

The hot Austin real estate market saw signs of cooling down in April, but we could say that’s like calling a 95º day cool compared to 100º here in Texas — still pretty hot! 

With a dramatic 52% year-over-year increase in active inventory (when compared to April 2021), the Austin real estate market is seeing signs of a slightly softening market, which is a welcome relief for buyers who have become exhausted with bidding wars. 

April residential home sales declined across the Austin-Round Rock MSA for the second month in a row according to the Austin Board of REALTORS® (ABoR) April 2022 Central Texas Housing Market Report. Even with a slight dip, the Austin-Round Rock Metropolitan Statistical Area (MSA) was only 216 homes short of breaking the record…

AUSTIN, TX — Home sales in Austin continue to reach all-time highs for any month on record with the median home price inching closer to half a million. 3,976 homes were sold in the Austin area with inventory nearing zero at 0.5 months. Homes continue to sell over asking price, which raises the median home prices to a new record of $465,000, a 48% year-over-year increase.

“Austin’s housing market has become one of the most competitive markets in the U.S.,” says Susan Horton, 2021 ABoR President. “As new companies relocate to Austin and the city’s popularity draws in new residents, the sheer demand for housing has created a critical inventory shortage, reinforcing that affordability and accessibility to housing across our region is a real concern and…

The Austin Board of REALTORS (ABOR) reported that a record-setting number of June transactions contributed to a 16.5% increase in home sales during the first half of 2021. A record of 4,369 Austin homes was sold in the month of June, an 8.6% increase year over year.

Home prices continue to skyrocket, as the median price increased 43% to $482,364—an all-time record. Sales dollar volume jumped 55.7% to $2,621,271,158, as pending sales slightly decreased 1.8% to 4,419.

Housing inventory declined 1.1 months to 0.6 months of inventory. Although the market is tight and competitive, ABOR reports that more homes are being sold than in previous years.

“Our market has established its own new normal, as median prices climb while inventory remains low,” says Susan…

HOW IS COVID-19 IMPACTING THE AUSTIN HOUSING MARKET?

AUSTIN, TX— Watch as Realty Austin’s co-founder and Chief Technology Officer, Jonathan Boatwright, interviews nationally recognized real estate economist, Dr. Mark Dotzour. Learn what to expect for mortgage rates, home prices, job growth, the stock market, and more. Read a summary of the Q&A topics covered below!

Q & A

How will unemployment in Central Texas compare to the U.S.?

The state of Texas’ economy has such a positive business environment. People can’t wait to move here from other parts of the country that are not as business-friendly. Considering this, the state of Texas is going to fare well on a relative basis when compared to the U.S. Each city in…

MOVING TO AUSTIN

Austin crowned the world’s #1 city to move to in global ranking

Culture Map Austin

People all over the world are noticing how incredible Austin is! The city recently ranked number one globally in terms of the best places for workers to relocate to. The data focused on eight factors: home prices, cost of living, average salary, weather, number of restaurants, number of green spaces, internet speed, and life expectancy. Austin came in at the top with all of those considerations. If you’re thinking about moving to Austin, those are eight great reasons. 

Austin ranked #1 best capital city

Wallet Hub

Often, capital cities are thriving areas with a lot of economic and cultural value. In fact, they can be some of the best places to…

Austin, TX - As Austin, Texas consistently ranks a top city in the U.S, it's no mystery why residents from all over the country are attracted to the growing job market, affordable housing, and a multitude of lifestyle activities for almost anyone. The capital city continues to grow in the spotlight as major tech companies, such as Tesla and Apple, make plans to expand into and call Austin home. Aside from the abundance of job opportunities, Austin also offers a diverse, friendly spirit and culture with endless things to do. Dig deeper into what makes Austin the perfect relocation spot and best place to live.

Austin Ratings and Ranking

Austin, Texas is consistently voted as the #1 best place to live in the US and one of the fastest-growing cities in…

The chart below shows historical mortgage rates for 30 year fixed, 15 year fixed and 5 year ARM. If you're interested in getting a quote from a reputable and dependable lender with competitive rates, please let us know. Thinking of making a move? Visit RealtyAustin.com to view homes for sale and explore options for selling your home.

30-Year Fixed Historical Mortgage Rates

15-Year Fixed Historical Mortgage Rates

5/1 ARM Historical Mortgage Rates

The San Antonio Board of REALTORS (SABOR) reported a five percent rise in June’s year-over-year home sales report with homes averaging at $345,114 and the median price at $292,600. A total of 4,024 homes were sold in June compared to the 3,850 homes sold last year at this time.

San Antonio home prices continue to stay above the state’s average with a median home price sitting at $315,000 compared to $261,000 of last year.



Although the market remains tight and competitive, SABOR reports that more homes are being sold than in previous years. More homes are beginning to hit the market with 4,467 new listings in San Antonio and its surrounding areas—this is a 12.32 percent increase year-over-year.

“With the kick-off of summer, we are seeing new inventory hit the…