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home sales history

This tag is associated with 116 posts

Is Austin different?

I continue to expect some flattening of the Austin-area market in 2019, but January and the first quarter will tell us whether December’s drop was just exaggerated holiday seasonality or a sign of more to come. Continue reading

Market Dashboard – 1H 2018 in review

Monthly prices have been consistently exceeding (and lifting) the long-term trend for all of 2 1/2 years now.  If there is risk in our market that may be it, but if buyers begin to resist then sellers will adjust.  Our very long market boom has been and remains driven by job creation and resulting population growth, but a functioning market will balance itself over time.  Continue reading

Confirmation?

Jim Gaines, chief economist at the Real Estate Center at Texas A&M University, said the June sales dip is not an indication that the Austin-area housing market is cooling off. Continue reading

Market Shift?

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

Outlook for the Texas Economy

Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. Continue reading

Market Dashboard – Austin area update

The most important feature of the current market cycle is that listing inventory has been at or below 3 months’ supply for virtually all of the past 5 years. This has been the longest-lasting “seller’s market” on record. Continue reading

So how much does housing cost in Austin? (Part 2)

There are significant variations in pricing within each county where most of the metro population lives, but there are cities in each county where a below-$200,000 purchase is still realistic. Continue reading

So how much does housing cost in Austin? (Part 1)

Market-wide price changes are the result of changes in the distribution of prices across many price ranges. Here’s a look at how the price distribution for homes sold in the Austin metropolitan area have changed. Continue reading

2015 Market Summary

The real world of our fast-paced real estate market in Austin makes this post a couple of weeks later than I planned, but following up on my recent summary of Angelou Economics view of our community, I want to add a quick look at the residential market specifically. If you have attention to local media … Continue reading

Affordability Pressures in Austin

Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading