market research

This tag is associated with 49 posts

2012 In Review

In Austin, there are no mixed signals. Living and working here, you can feel the growth. The pace of the real estate market feels like 2006 again, and maybe even a little more frenetic! My Austin Market Dashboard helps to explain 2012, and gives us a glimpse into 2013. Continue reading

Homebuilders coming back – another sign of strength

As with most of this market recovery, Austin gained momentum ahead of most other cities. Single family permits are up a healthy 30% compared to the same time last year, but the 5+ Family segment is already almost 70% ahead of last year’s 12-month total! Continue reading

What price ranges are selling in Austin?

Sales between $120,000 and $160,000 represented less than 10% of market activity in 2011 and 2012. At the same time, sales between $200,000 and $400,000 have become well-established contributors to our market over the past few years, representing 34% of sales in 2011 and 36% of sales so far in 2012! Continue reading

Market Dashboard – End Of Summer Update

The strength of the Central Texas real estate market continues …. Listing inventory is down, representing just a 4-month supply — solidly in seller’s market territory. The monthly unit sales pace is still about 20% lower than the peak of the market cycle in June 2006, but is almost 24% higher than the same month last year. Continue reading

Austin Market Dashboard – update

Our market absorption rate has dipped over the past couple of months, but this is the fiirst time since 2005 that we have seen this metric bouncing around the long-term average of 21% rather than a much lower level. With continuing uncertainties in the U.S. political and economic scene, and in the world economy, these Winter months may remain a little soft, but if history is an indication then we are poised to enter a new growth phase in the local real estate market. Continue reading

Price It Right to Make More

Homes that are priced right on day one sell faster and for higher prices than those that “start high.” There are bound to be exceptions, but I haven’t found one yet. Continue reading

Austin Market Dashboard – updated

Virtually all economic indicators call for optimism for Austin’s economy and housing sector. However, uncertainty in the U.S. economy generally, and in the real estate business in many key metros, call for caution. Personally, I remain bullish but I am eager to see actual results in May and June 2011 before saying confidently that we have entered a sustainable new growth cycle. Continue reading

Pricing to sell — the real world

Price your house right the first time. Why spend more time on the market just to sell for less? Continue reading

Austin Sales and Building Permits

A couple of days ago I received some questions on one of my blogsites about my Austin Market Dashboard. It strikes me that others may have the same questions … Continue reading

New NAR site — “Home Ownership Matters”

In a world of confused and confusing reporting about the state of the housing sector of our economy, the National Association of Realtors® has launched a new Facebook page to help. Continue reading