austin market

Austin Property Tours: Beneficial to Sellers and Listing Agents?

August 18, 2011

Today I attended a property tour for my listing in Great Hills. There were 11 homes on the tour, including our listing. The other agents on the tour were the listing agents for the other 10 houses. This gives us a chance to see each other’s listings and to offer feedback on pricing, staging, etc. [...]

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Austin Real Estate Market – 2010 Breakdown by MLS Area

February 20, 2011

Below is a chart breaking down the 2010/2009 sales comparisons by MLS Area for the Austin real estate market. This time I’m adding a couple of new things. First, there is color coding on each of the summary rows for each area. A green shade indicates “improvement” in the measured metric. I put “improved” in [...]

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Austin Real Estate Market – Year 2010 Summary and 2011 Predictions

February 6, 2011

The Austin real estate market finished 2010 with increased overall sales prices. The market is roughly a bit higher than the peak 2007 values. See the graph below for an illustration of Austin home sales values from 1999 through 2010. The graph can be deceiving though. It simply represents the cumulative data from all MLS [...]

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Tax Credit Effect on Austin Real Estate Market

May 16, 2010

The $8,000 buyer tax credit ended April 30, 2010. Take a look at the following graph to see the effect the tax credit had on buyer activity in Austin TX.  This shows Pending activity for Austin MLS listings going back to Jan 2005 through April 2010. The green line is 2010. The previous years of [...]

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Austin Real Estate Market Update – December 2009

January 25, 2010

The Austin real estate market ended 2009 on an up note, with both average and median sold prices up more than 5% over Dec 2008. Oh, but wait … December 2008 was a dismal month because we all still thought the financial world was falling off a cliff. But the stats are what they are [...]

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Austin Real Estate Sale Stats by MLS Area – Sept 2009 YTD

November 1, 2009

Austin’s real estate market is a “market of markets”, and thus the overall news reported about real estate activity in the Austin Metro area may or may not be reflective of conditions in the specific area in which you live, or the home you own, or the home you want to buy. Each quarter I [...]

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Austin Real Estate Market Update for August 2009 Sales

September 17, 2009

Austin Real Estate values for August 2009 are down about 5% from the same month last year. Average sales prices for the 1,657 houses that sold are down 5.12%. Median sold prices are down 4.80%. The number of houses sold is down 15% from August 2008, which is less of a decrease than we’ve seen [...]

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Austin Real Estate Market Update – July 2009 Stats

August 26, 2009

It’s getting real hard to write about the Austin real estate market when month after month it just keeps doing what is expected, treading water overall, doing well under $200K, especially close in, and still soft in the $400K+ price ranges. That really sums it up, month after month. At the beginning of the year [...]

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Austin Real Estate Stats – 2009 Midyear Breakdown by Austin MLS Area

July 24, 2009

Below are the Austin real estate market mid-year stats broken down by MLS area. I break the stats down by area each quarter because the macro stats I post each month don’t tell the entire story of our market. Location and price range factors are important, so each quarter I break down the overall stats [...]

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Austin Real Estate Market Update – June 2009 Stats

July 22, 2009

We’re at mid-year (June 2009 stats) for the Austin real estate market stats, and still the Austin real estate market is hanging tough. We continue to see stubborn bouncing up and down from month to month, as the graph to the left shows (click to enlarge), but the overall yearly trend is holding steady at [...]

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