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A few weeks ago (Monthly Price Update), I provided an update on the Austin-area residential market, with data complete through July. Now, August data is available from the Texas Real Estate Research Center, and I have updated my market dashboard: Data through July showed that median and average prices were down on an annualized basis … Continue reading
As the Austin-area real estate market adjusts to higher interest rates, reduced demand, and still less-than-normal housing inventories, some recent home buyers will find that they have lost equity, but the outlook remains positive for the region and for most property owners. Continue reading
You have undoubtedly heard or read about the market transition that began in early 2022, but that chart makes it real! Continue reading
The first quarter of 2022 showed much the same demand pattern that we saw in 2021, with continuing supply constraints and upward price pressure. Here are the details. Continue reading
Strong and growing demand for housing in the Austin area has outpaced the ability to build or list enough homes to keep up. These market statistics paint a challenging picture. 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
Bill Morris on Austin Real Estate 