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Found 3 blog entries tagged as "Market Reports".

Majority of homes sold between $250,000-$500,000 in November, indicating accessibility in housing market

AUSTIN, TX — According to the Austin Board of REALTORS® (ABoR) November Central Texas Housing Report, closed listings dipped 4.9% to 3,215 across the Austin-Round Rock MSA in November. This occurred even as the housing market remains on track for a record-breaking year, with closed listings are outpacing 2020 by 3.1% last month. 

In November, 53% of the 3,215 closed listings —1,694 homes —sold between $250,000 and $500,000, today’s typical price range for first-time and first-time move-up homebuyers. This data indicates that despite a fastpaced market and record-low inventory, opportunity still exists to find the right home. 

“We have all seen…

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AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) October 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market remains on track for a record breaking year, even as the market continues its calming trend. Home sales across the MSA decreased 12.1% to 3,250 closings compared to October 2020 as the median sales price grew 24.7% year over year to $455,000 setting a record for the month of October.

“We are beginning to see a glimpse into what buyers and sellers can expect in our housing market moving forward,” Susan Horton, 2021 ABoR president, said. “More new listings are hitting the market, a trend that we have seen continuously for the past eight months, and when coupled with fewer closings across the MSA,…

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Sales activity reflects typical seasonality, price gains maintained.

AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) August 2021 Central Texas Housing Report, home sales decreased 4.6% compared to August 2020. The data indicates the market is calming as typical seasonality has returned in terms of number of closings, even as median sales prices maintained the gains made over the course of 2021. Despite setting a record for the month of August with a median sales price of $470,000 across the MSA, prices are no longer increasing at a significant rate month to month.

“The region’s housing market is calming compared to the hectic pace experienced at the beginning of the year,” Susan Horton, 2021 ABoR President, said. “While it wouldn’t…

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