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The big story in that chart is approved plans to build apartments and condominiums — almost 3X from 2011 to 2012 — a huge sign of confidence in continued growth and demand in the Austin metropolitan area! 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
Austin and Central Texas have experienced the recession differently than many other areas, but improvement elsewhere is certainly welcome and will be good for all of us. Continue reading
Almost no foreclosure activity makes Austin and most of Texas very different from what you read about in most of the national press. Continue reading
Austin has continued to attract employers and employees over the past several years, and conservative home equity lending laws prevented much of the price run-up experienced in places like California. I’m pleased to call Austin home for many reasons, and our experience with this most recent recession is just one. Continue reading
The Austin-area real estate market has turned the corner. We’re clearly into a new growth phase. As evidence, here’s a quick summary of the past few years’ home sales: We have experience 22 consecutive months of year-over-year sale growth, and very significant growth in most of those months: Moreover, it’s worth noting that even filtering … Continue reading
The real estate market turnaround in the Austin metro area is unambiguously underway. Here is the data to confirm that fact. Continue reading
Home sales grew by 20% last year. At the same time, the number of homes for sale declined by 21%. There is a growing number of buyers chasing a shrinking number of homes, and prices are going up. Continue reading
This data shows why the average price of about $278,000 in “Austin” is not especially helpful in more specific discussions of property values. You can also see why my answer to “What’s the price per square foot in Austin?” is always, “It depends.” Continue reading
Bill Morris on Austin Real Estate 