I have written recently that we might be seeing some signs of movement in the direction of more normal market conditions. The latest local data seems to reinforce that opinion. Continue reading
I have heard recent comments from a few real estate agents that the market seems slower this year. I have “felt” something different in recent weeks myself, but I trust data so I decided to check on that from 30,000 feet … Continue reading
Actually, we’ve had much more than three calendar quarters of HOT market conditions in Central Texas, but I really want to comment on January – September 2014 here. Since it has been a long time since I made time to write, though, I’ll remind readers that are new to my market dashboard, that the Greater … Continue reading
No cooling off for Austin’s apartment market.
Low inventory will keep things challenging for home buyers, but not as frustrating and frantic as our market was in the Spring and Summer of 2013. Going into next year’s traditional selling season, builders will help more with supply, but demand will remain very strong as well. Continue reading
Like the rest of the Austin metro area, we will remain a fast-moving, under-inventoried housing market for at least the remainder of 2013, and probably for much of 2014. The flurry of activity in April 2013 may turn out to have been just that, however, a flurry. Nonetheless, I expect BV/S to remain a strong seller’s market for many months to come. Continue reading
The trend has been clear for several months, but this month one chart from my dashboard really tells you most of what you need to know about the Austin/Central Texas residential market …. In April, 46% of all active listings sold! Continue reading
Ask almost anyone who has purchased a resale home this year (or tried to)! If you’re in the market to buy a home these days, don’t say “let’s go see it next weekend.” It may well be sold before you get there. Continue reading
Supply (active listings) is down 28% compared to last year. At the same time, Demand (sales) is up 16%. Predictably, in that market environment, sales prices are rising — to a $220,000 median, up 10% from March 2013. Continue reading
In Austin, there are no mixed signals. Living and working here, you can feel the growth. The pace of the real estate market feels like 2006 again, and maybe even a little more frenetic! My Austin Market Dashboard helps to explain 2012, and gives us a glimpse into 2013. Continue reading
