The Austin real estate market is still hot, hot, hot. You can see that 2022 is following the trends of 2019 and 2021 (excluding the freeze in February 2021), though the numbers are lower, primarily driven by limited inventory. Year-to-date transactions are lagging 2021 at this point, down roughly -4.5%. Lower priced homes are lagging […]
2021 has come to a close and there is now fairly complete Austin real estate market data for the year before, the year of, and the year after the outbreak of the Covid-19 pandemic. It has been an eventful three years. There has been a steady shift toward higher price points that accelerated dramatically in […]
$1,300,000 That is the entry-level price point in the Austin luxury market. There are a number of definitions floating around for “luxury market”. The definition I prefer (and many brokerages use) is “the top 10% of the market”. Looking historically at the Austin real estate market, the top 10% has seen steady, single-digit appreciation over […]
The market is still hot. The main thing holding it back is a lack of inventory. But there is a more typical seasonal slowdown this fall which didn’t happen last year. Below is an updated graph I shared earlier this year showing price premiums (sold price as a % of list price). Premiums have dropped […]
A year ago I wrote about the record low number of active Tarrytown listings in MLS to kick off 2018. Last year in January there were 34 active listings, which was the lowest number of active listings in any month going back to 2004. Remarkably, in January of 2019 we set a new record low […]
