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home price

This tag is associated with 7 posts

Market Pace and Pricing

Following up on discussions of increasing Days to Sell and resulting changes in regional home price appreciation … Continue reading

More on Austin-area Home Prices

A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years.  Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. Continue reading

Off to a fast start …

We are likely to see more listing activity in the coming weeks and months but the key, as always, is local job creation and population growth.  If those continue as they are now, then demand may continue to outpace supply. Continue reading

What About Downtown?

In 2016 in Review and Price Variation Around Austin I discussed sales of Single Family Homes (houses) in many areas of the Austin metro area.  I did not mention Downtown Austin in those posts because that are very few houses in the area.  I’ll fill in that blank here. Between July 1, 2016 and December … Continue reading

So, where is that “median” house?

You’ve decided to look for a home — either your first one, or a move-up. You’ve got good employment history, solid rental and/or mortgage payment history, you have managed your credit, and you have been preapproved for a mortgage loan. Where should you focus your search? Continue reading

More on Austin-area prices and affordability

How much do homes really cost here? In the metro area, the highest average and median prices are in neighborhoods near the close-by south shore of Lake Travis, not in the city itself. At the other end of the market, there are six suburban cities with average and median home prices at or below $200,000. Continue reading

Austin/Central Texas market performance — what’s selling?

There are many ways to approach market analysis. Many real estate practicioners still do what their clients usually expect and base a pricing recommendation on recent “comps” in the neighborhood. That will certainly provide one indication of market value, but without a more thorough understanding of the market environment, I suggest that that approach can easily mislead, and result in a listing that is overpriced, or underpriced or, maybe, priced just right. Continue reading