Austin Market June 2023

June 28, 2023 by · Leave a Comment 

To understand the Austin residential market, it is important to look at the difference in median closed values over the prior two years.

Growth = Demand

April 14, 2021 by · Leave a Comment 

The Austin job market is expanding at a level that exceeds the availability of housing.  While more homes sold in the first three months of this year compared to any prior year, the number of homes on the market is at record lows.  This is occurring for several reasons. Business relocations, combined with job  expansion […]

Austin Exploding

January 20, 2021 by · Leave a Comment 

Austin is now one of the fastest-growing cities in the United States. In the last 20 years, the city of Austin has seen a population increase of 48%, from 675 ,000 in 2000 to over 1 million today. Oracle Corporation and Tesla have both just moved their headquarters from California to Austin. Other companies like […]

Austin Rebounding

June 25, 2020 by · Leave a Comment 

In the Spring of 2020, the coronavirus and the federal, state and Austin restrictions on public activity had a major short term impact on the Austin real estate market. The governmental restrictions were most severe in late February, March and part of April. In mid April restrictions began to be relaxed. Initially , the number […]

March 2020 Market Report

March 6, 2020 by · Leave a Comment 

More homes sold in February than any other February in Austin history.  2,263 homes sold last month.  This is a 13% increase from one year ago. Pending home sales, homes under contract that have not closed, are up significantly from one year ago.  Currently there are 4,715 homes under contract.  This is an increase of […]

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