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 […]
I’ve been tracking real estate performance for Austin as a whole during the pandemic. You can read my previous posts (I update my analysis monthly), and below are updated graphs to reflect the latest data, but the story remains the same. The market has picked up but is held back by a lack of inventory, […]
I wanted to update you on the latest performance of the Austin real estate market, looking at the impact of the COVID-19 pandemic and what has happened to sales. Before I talk about transactions, though, I think the real story right now is inventory and affordability. Inventory overall is substantially lower than the last couple […]
Here is an update to my print article reflecting another 2 weeks of data through the end of May. The data below indicates a slower pace on transactions, but pricing is much stronger. List and sold prices and $ / sq ft are all up significantly from the same period last year. And days on […]
Last month I posted an update looking at Austin MLS transactions and how the pandemic was impacting the real estate market here. At that time I noted that, due to the lag between homes going under contract and actually selling, we had not yet seen the full impact show up in sales numbers. Last week, […]
