Interest Rates Continue to Rise

August 16, 2023 by · Leave a Comment 

Mortgage interest rates have risen 11 times since March, 2022. Each time the rate increases, it raises the price of a home to a home buyer. Take a historical look at the rise and fall of rates. For a comprehensive look at how the rates are affecting home prices and sales by zip code and […]

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.

Year-to-Date Home Sales in Austin

May 19, 2023 by · Leave a Comment 

The number of home sales in the Austin area year-to-date has increased steadily every year from 2013 to 2021. This year our year-to-date sales are behind what they were last year at this time. Austin continues to have steady demand even though sales have slowed, but there many more homes for sale over last year […]

Where is the Austin Real Estate Market Now?

September 30, 2022 by · Leave a Comment 

After over a year of an Extreme Seller’s Market (See Market Report Tab above) where there were fewer than 2,000 homes for sale and prices rose substantially, it all changed in May. There are now over 9,000 homes for sale, interests rates have risen 3.5 percent to just under 7%, inflation has increased the cost […]

Year End Market Report Indicates Austin’s Growth

December 29, 2021 by · Leave a Comment 

The real estate market in Austin continues to explode. We have sold more homes in Austin in 2021 than in any previous year, over 35,000. In fact, our team at West Austin Properties could have sold even more if we had had more inventory. Take a look at our December market report to see the […]

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