home sales

Austin Home Prices
3:10 pm
Thu November 14, 2013

What Recession? Census Says Downturn Didn't Hurt Austin Housing Market

flickr.com/winemegup

Austin’s housing market is hot. So hot, in fact, that it wasn’t seriously dampened in the recession to post-recession period.

New census data shows home values in Austin and in Travis County increased between 2007 to 2009 and 2010 to 2012. Most other large areas in the country saw home values decrease between those two periods.

Out of the country's  50 most populous cities, only nine cities saw an increase in the median home values during those periods. And Austin lead the pack:

  • Austin, TX: + $13,800
  • Denver, CO: + $9,600
  • Oklahoma City, OK: + $8,100
Read more
real estate
7:24 pm
Mon October 21, 2013

Austin Home Sales Jumped 34 Percent in September

Photo courtesy http://www.flickr.com/photos/bunchesandbits/4714938136/

Austin-area home sales grew by 34 percent in September compared to a year earlier. A new report from the Austin Board of Realtors says almost 2,391 single-family homes were sold last month.

Homes are spending an average of 44 days on the market, which is 22 days fewer than a year ago.

In many cases, homes are being sold by word of mouth before they’re even listed, according to housing economist Jim Gaines at the Texas A&M Real Estate Center.

Read more
real estate
7:03 pm
Mon July 22, 2013

Five Reasons Why Austin Home Sales Dipped in June

flickr.com/bcostin/

Home sales in the Austin area fell from May to June. The drop was unexpected because of the strength of the housing market in Central Texas and because June is a prime time to buy homes.

The Real Estate Center at Texas A&M University analyzed MLS listings and found there were 3,085 sales of single-family homes, townhomes and condos in June. That's down from 3,157 sales in May.

Read more
economy
6:52 pm
Thu June 20, 2013

Austin-Area Home Sales Jump 29%, Setting New Record for May

http://www.flickr.com/photos/bunchesandbits/4714938136/

More homes sold in the Austin-area last month than in any May on record, according to a report by the Austin Board of Realtors. Their analysis of MLS Listings shows 2,991 homes were sold in May, an increase of 29 percent over the same month last year.

The increased demand sent the median home price up by eight percent to $231,500. The average home is sitting on the market for just 44 days, which is 19 days less than May last year, according to the report.

Read more
Austin
1:22 pm
Thu May 23, 2013

Austin Now the 11th Largest City in the U.S., Up from 13th Largest

Austin is now the 11th largest city in the U.S.
Marissa Barnett, KUT News

Update: So who is moving to Austin? Young, recent college graduates and retiring baby boomers make up the majority of new Austinites, according to City of Austin demographer Ryan Robinson.

“That attractiveness, that gravitational pull that we exert for the young and the talented, and the well-educated, that really is our sweet spot,” Robinson says.

But the young are not the only ones charmed by Austin. Retiring baby boomers are also flocking to the area.

Read more
economy
6:32 pm
Tue May 21, 2013

Austin Home Sales Surged 32 Percent in April

http://www.flickr.com/photos/digallagher/4880157508/

Interview with Jim Gaines of the Real Estate Center at Texas A&M University

Austin area home sales jumped by 32 percent in April compared to the same month last year. The Austin Board of Realtors says 2,563 single-family homes were sold last month.

That marks a nine-year high for the month of April, and it represents the twenty-third straight month of year-over-year sales increases. 

Read more
Austin
11:47 am
Tue April 23, 2013

The Austin Program That Offers Down Payment Cash for Homes

Guadalupe Alcalá bought her home with assistance from a city program. She was recently able to refinance her home without having to pay a penalty to the city.
Joy Diaz, KUT News

There’s a little-known program run through the City of Austin that provides down payment money to low-income people free of charge. Of course, there's a catch: homeowners must live in the property for 10 years, or pay the city back.

Those who bought in when interest rates were almost twice what they are today, now wonder how can they refinance their mortgage without having to repay the city.

Read more
real estate
1:35 pm
Wed February 20, 2013

Austin Home Sales Up 33 Percent in January

Fewer homes are on the market than a year ago - and that appears to be driving demand.
flickr.com/digallagher

The number of single-family homes sold in the Austin area rose by 33 percent last month compared with January 2012, according to an analysis of the Multiple Listing Service by the Austin Board of Realtors

The group also says the median price for homes grew by 10 percent over the past year to reach almost $200,000, although experts say those price increases vary wildly from neighborhood to neighborhood.

Read more
Real Estate
1:11 pm
Fri February 1, 2013

Texas Home Sales End Year on a Bang

Bunches and Bits/Flickr http://www.flickr.com/photos/bunchesandbits/4714938136/

The Texas real estate market rang out 2012 on a high note, according to the latest reading from the Texas Association of Realtors. It says 56,488 single-family were sold across the state in the fourth quarter of last year. That's an increase of almost 20 percent over the same period in 2011. 

Read more
Economy
3:30 pm
Mon July 2, 2012

Austin Area Home Prices Keep Rising

Home prices grew almost six percent in the Austin area over last year.
KUT News

Home prices have again increased in the Austin-Round Rock-San Marcos area.

Prices rose 5.7 percent since last May, and 2.3 percent since last month, according to a home prices index released by a real estate data company.

Amand Nallathambi is the president of CoreLogic, the company that released the report.  "The recent upward trend in U.S. home prices is an encouraging signal that we may be seeing a bottoming of the housing down cycle," he says in a press release. "Tighter inventory is contributing to broad, but modest, price gains nationwide and more significant gains in the harder-hit markets, like Phoenix."

Read more
Economy
4:07 pm
Wed June 20, 2012

Austin Sees Full Year of Increasing Home Sales

Jobs, population growth and a tight rental market are sending home sales upward.
KUT News

The Central Texas housing market continues to be a strong one, according to numbers released today by the Austin Board of Realtors.

May 2012 was the 12th straight month of sales increases. It’s also the fourth consecutive month of price increases.

“That has to do with our shrinking inventory,” says Board of Realtors chairman Leonard Guerrero, crediting the shrink to “the jobs that have been created in our state and in our local area, Austin, in particular. And the number of people that are coming into the state to fill those positions.”

Read more
economy
1:20 pm
Wed April 20, 2011

Fewer Homes Sold Last Month, But Median Price Was Up

The median price of a home in Austin rose two percent in March.
Photo by KUT News

Ten percent fewer Austin homes were sold in March 2011 compared to March of last year, according to the Multiple Listing Service (MLS) report issued today by the Austin Board of Realtors. But the median price was up two percent to $185,260.

An $8,000 tax credit for first time homebuyers that expired in 2010 is still making it harder to compare numbers now with numbers then, according to Austin Board of Realtors chair Judith Bundschuh.

Read more
Economy
12:15 pm
Mon February 21, 2011

Austin Home Sales Up 14 Percent

Photo by KUT News

The Austin Board of Realtors reports sales of existing single family homes were up 14 percent in January compared to January 2010.  975 homes were sold last month.

“The latest figures show that we are seeing the economic recovery continue in Austin,” said Judith Bundschuh, Chairman of the Austin Board of Realtors, in a press release today.

Read more