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Sales soar, supply sinks, and prices rise. That’s been true for almost 8 years in Austin, but not like this year! Continue reading
July and August unit sales and annual price rises were astonishing! With limited housing supply, can it continue? Continue reading
June home sales in the Austin metropolitan area posted a large gain — more than any month for more than a year. Quick sales and rising prices continue. Here are the details. Continue reading
The Austin area added significant listing inventory in March, and new pending contracts will boost April sales. I remain optimistic about buyers and sellers reentering the market when they are confident about doing so without jeopardizing their health. Continue reading
This market cycle is maturing, but we’re just watching the proper function of a market, and demand for Austin’s highly educated workforce and for the attractive lifestyle that Austin represents will continue to support growth for a while yet. Continue reading
One reason for our continuing struggle with supply vs. demand is that Austinites and staying longer in their homes, and we’re not alone Continue reading
Market economists remain confident in our strong market conditions through 2019 and into 2020, and I agree. Inevitably, however, we will see prices moderate, interest rates increase, “days on market” grow, and inventory begin to catch up with demand. Continue reading
The key “unknown” at this point is whether we have more volatility ahead. Locally and regionally, conditions remain good, but without a broader recovery in the national economy and housing sector, continued strong in-migration and the ability of those new Austinites to buy homes is more limited than it should be. Continue reading
Bill Morris on Austin Real Estate 