Years of demand for housing that outpaced supply have led to continuing price growth. Thes charts show the distribution of all home sales by price range across the Austin metro area. Continue reading
Since the Austin area recovered from the last market bottom, the residential real estate has moved faster than an any other time in at least thirty years. 2020 moved that velocity to an incredible new level. Continue reading
The Austin region has been seriously challenged to meet strong demand for housing throughout this market cycle. 2020 exacerbated that challenge. Continue reading
Recently I attended an excellent annual review and forecast by economist Mark Sprague of Independence Title. Here are some highlights, with special attention on the Austin area. Continue reading
Sales are up and nventory is down … not just in Austin bur across the metro area. Strong demand continues despite tight supply. Here’s how 2020 compares to last year. Continue reading
Think quick sales and multiple offers are only a problem in your home search? Think again. Quick sales and multiple offers affect the entire Austin area. Continue reading
If you’ve been house-shopping over the past few years in the Austin area you know that it can be frustrating, with homes going under contract before you can get an offer submitted. It’s not your imagination … Continue reading
Listing inventory has struggled to keep up with strong demand over this year in Austin. These are truly shocking market stats! Continue reading
Sales soar, supply sinks, and prices rise. That’s been true for almost 8 years in Austin, but not like this year! Continue reading
July and August unit sales and annual price rises were astonishing! With limited housing supply, can it continue? Continue reading
