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Near the median sale price, we’re getting into “seller’s market” territory in many neighborhoods, but there is still a lot to choose from. Here’s an overview. Continue reading
I wrote yesterday about some million dollar homes that have sold recently in the Austin area. Here are a few that are still available. Continue reading
The first thing you may notice is that this an over-inventoried market segmentThe difference in this high-end market segment, though, is that 126 available homes really isn’t that many in a metro area of 1.5 million people, and buyers in this segment may well be looking for THE house … Continue reading
Future market activity remains somewhat unpredictable, and much depends on the direction of the general economy and the nationwide real estate market. There is clear strength in the Austin/Central Texas market, though. Continue reading
Closed sales were down from May 2010 to May 2011, but the most immediate measure of market demand clearly shows improvement. Anecdotally, my business and that of most real estate professionals that I talk to indicate that the pace of market activity is up, and there is plenty of support in local economic reports to expect that we really are on the way to more consistent growth. Continue reading
The year-to-date sales trend this year is encouraging, even if volume is below 2010. In addition, average and median sale prices continue to ease upward. These are NOT the market conditions we read about in the national press. Continue reading
Americans who would love to get back into the real estate market are being told almost daily that “it’s the worst market in 80 years,” or “you’ll probably lose the money you put into a house.” The folks propagating that viewpoint are actually creating the reality. It’s time to move on. Continue reading
One of the ongoing services I offer my clients is assistance every year with market information needed to protest proposed new tax values. This year one provided a great example of how widely values can vary within a single market area.
Austin, Texas and Washington, D.C. have a lot in common. Apparently, that includes strength in home values. Continue reading
A recent post understandably prompted a reader to ask whether they should shop for homes well above the price range in which they hope to buy. I replied to that question directly, but the issue of “shopping high” comes up frequently (almost as often as sellers want to “start high” on list price), so I’ll discuss it again here. Continue reading
Bill Morris on Austin Real Estate 