Austin Housing Market Report January 2024

When you have a skilled professional by your side, someone deeply knowledgeable about the ins and outs of the real estate market, equipped with a wealth of expertise to guide you toward success, it changes everything. This expert isn't just there to handle transactions; they become your trusted advisor, strategic ally, and tireless advocate for achieving your goals.

 

As we step into 2024, the Austin housing market is buzzing with activity and optimism. Recent data reveals a 4% increase in closed sales and a 3% rise in pending sales compared to last year. Although median prices saw a slight dip to $430K year-over-year, there's optimism fueled by mortgage rates down from their 8% peak last year, making homes more affordable. With fifteen consecutive…

Austin Housing Market Report Year-End & December 2023

Navigating Austin’s housing market requires staying informed about the latest trends and market conditions. Whether you're buying or selling, teaming up with experienced agents and understanding the data helps you make smart decisions for your future. 

 

After a slower-than-normal 2023 and a relatively quiet December, the market is gaining momentum as we enter 2024. Mortgage applications are on the rise, multiple offers are becoming more common, and there's a noticeable decrease in withdrawn listings. Home prices experienced a slight drop of 1% to $433K, and housing inventory saw a modest increase to 3.0 months. The market's confidence is reinforced by a notable surge in new and pending listings, setting a positive tone for the year ahead.

 

Let's…

Austin Housing Market Report May 2023

In the ever-evolving Austin housing market, staying up-to-date with the latest trends and market conditions is crucial for both buyers and sellers. By partnering with experienced agents and understanding the data, you can make informed decisions that align with your goals.

 

The Austin housing market gained momentum towards balance and stability in May 2023, as home prices continued to show signs of recovery and inventory increased. In this blog, we will delve into the latest data and market trends, providing a comprehensive overview of the Austin housing market.

Let’s review the key highlights of the Austin housing market in May 2023:

  • The number of homes for sale increased by 118% compared to the previous year, providing homebuyers with more…
San Antonio Housing Market Report November 2023

Navigating the ever-changing San Antonio housing market requires staying informed about the latest trends and market conditions. Whether you're a buyer or a seller, teaming up with experienced agents and understanding the data helps you make smart decisions for your future. 

 

In November, home prices in San Antonio remained at $313K signaling stability and a more balanced market where supply and demand are relatively in equilibrium. The number of homes available to buy went up by 1.2 months compared to last year to 4.5 months of inventory, giving buyers more choices. An increase in new and active listings provides relief from previous market constraints – all positive changes for a more normalized market.

 

Let's explore the main points…

Austin Housing Market Report November 2023

Navigating the ever-changing Austin housing market requires staying informed about the latest trends and market conditions. Whether you're a buyer or a seller, teaming up with experienced agents and understanding the data helps you make smart decisions for your future. 

 

In November, home prices in Austin went down by 8% compared to last year, settling at $424K. This signals improved affordability. The number of homes available to buy went up by 0.7 months compared to last year to 3.7 months of inventory, giving buyers more choices. The recent passage of the Home Options for Middle-income Empowerment initiative further enhances housing prospects. An increase in new and active listings provides relief from previous market constraints – all positive…

Austin Housing Market Report October 2023

Navigating the ever-changing Austin housing market requires staying informed about the latest trends and market conditions. Whether you're a buyer or a seller, teaming up with experienced agents and understanding the data helps you make smart decisions for your future. 

 

In October, the Austin housing market experienced key shifts, presenting both opportunities and challenges for buyers and sellers. Despite a 7% year-over-year drop in the median home price to $435,000, residential home sales increased by 4%, suggesting a market where buyers have more bargaining power.

 

Let's explore the main points from the October 2023 Austin real estate market:

  • Increased homes for sale – The number of homes for sale increased by 5% compared to the…

San Antonio Housing Market Report October 2023

Navigating the ever-changing San Antonio housing market requires staying informed about the latest trends and market conditions. Whether you're a buyer or a seller, teaming up with experienced agents and understanding the data helps you make smart decisions for your future. 

 

In October, the San Antonio housing market experienced key shifts, presenting both opportunities and challenges for buyers and sellers. Median home prices saw less than a 1% year-over-year increase at $419K, and home sales decreased by 9%, suggesting a market where buyer demand has shifted. 

 

Let's explore the main points from the October 2023 San Antonio real estate market:

  • Increased homes for sale – The number of homes for sale increased by 21% compared to the…

San Antonio Housing Market Report September 2023

In the ever-evolving San Antonio housing market, staying up-to-date with the latest trends and market conditions is crucial for both buyers and sellers. By partnering with experienced agents and understanding the data, you can make informed decisions that align with your goals.

 

The San Antonio housing market experienced a notable shift in September, with housing inventory reaching 4.3 months and the average time homes spent on the market increased to 64 days. Closed sales saw a 15% year-over-year decline, and the median sales price dropped by 2% to $318K. These changes are primarily attributed to rising mortgage rates, underscoring the importance of engaging with an experienced REALTOR® for successful transactions if you’re planning a move. While…

Austin Housing Market Report September 2023

In the ever-evolving Austin housing market, staying up-to-date with the latest trends and market conditions is crucial for both buyers and sellers. By partnering with experienced agents and understanding the data, you can make informed decisions for your future.

 

The Austin housing market experienced a notable shift in September, with housing inventory reaching its highest level in over eight years at 4.0 months supply and the average time homes spent on the market increased to 65 days. Closed sales saw an 18% year-over-year decline, and the median sales price dropped by 4% to $452K. These changes are primarily attributed to rising mortgage rates, underscoring the importance of engaging with an experienced REALTOR® for successful transactions if…