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I continue to expect more positive market conditions in 2025 than we saw last year. We have not seen a meaningful turn in that direction yet, however, and disruptions in the larger economy may delay that move. A critical reason for growth in our market environment is continued demand for housing in the Austin metropolitan … Continue reading
The #1 Thing Sellers Need To Know About Their Asking Price When you put your house on the market, you want to sell it quickly and for the best price possible; that’s generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has … Continue reading
Just over a week ago I posted several charts showing the market disruptions the Austin-area real estate market experienced in recent years. These two graphs highlight how very different the last 5 years were here as compared to the Unitied States generally. First, this chart summarizes S&P Case Shiller 10-City, 20-City, and National indices from … Continue reading
I write frequently about market conditions and changes over almost 35 years in my Market Dashboard, but Jeff Osborne, Broker/Owner of RE/MAX Capital City presented some charts in a recent company meeting that I think capsulize our experience over the past 10 years. The charts I include in this post are built on MLS data, … Continue reading
New Year, New Home: How To Make It Happen in 2025 This is the time when a lot of people take a moment to reflect and set their goals for this year. And as you picture what you want your 2025 to look like, one thing that may pop into your mind is the vision … Continue reading
Looking forward to 2025 — a positive outlook, but with uncertainty. Continue reading
In the few days before Thanksgiving I several versions of this story, but the original was from the National Association of REALTORS®: Existing-Home Sales Grew 3.4% in October; First Year-Over-Year Gain Since July 2021 Here are some highlights: I have written more than once in recent months that our experience in the Austin-area market was … Continue reading
Last summer I posted a look at the distribution of home sale prices in the Austin metropolitan area (Update: Austin home price distribution). That view of prices through the first half of 2023 showed how the imbalance of housing supply and demand drove prices higher in 2022, and that market forces were calming the environment … Continue reading
For several months I haven’t provided a comprehensive update of the market metrics I track in my dashboard. I won’t have refined data from the Real Estate Research Center at Texas A&M for the whole first half of 2024 for a few more weeks, but this quick look will be useful: In case you haven’t … Continue reading
From the Austin Board of REALTORS®, I am glad to share some key statistics to summarize our residential real estate market as of the end of 2023. First, here’s how the entire 12-month period compared to the previous year, and how December 2023 compared to the same month in 2022: Notice that in the year-to-date view … Continue reading
Bill Morris on Austin Real Estate 