Here are the July/2025 MLS single-family statistics for the Austin, TX metro area: July presented us with some interesting data when comparing it to the rest of this year and Pendings stood out with a solid green 10% improvement over last July. Pending listings (homes for sale that are under contract but haven’t closed yet) represent a future-looking market. Couple that with our best...
Typically, new homes carry a price premium over existing homes. From 2010 to 2019, this pattern held steady, with an average difference of $66,000. However, over the past five years, the gap has narrowed significantly, averaging just $24,800. Notably, this trend reversed in 2024. In both the second and third quarters, the median price of existing homes surpassed that of new homes. Full article...
Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at the full picture. Full article here: The U.S. Foreclosure Map You Need To See (512) 853-0110...
If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Full article here: Housing Market Forecasts for the Rest of 2025 (512) 853-0110 or robert@AustinTxHomeSales.com If you are...
This has been one of the most unusual real estate markets I’ve seen in my 19 years in real estate. While inventory has gone up, prices haven’t dropped much, if at all in some areas; interest rates remain elevated, yet home buyers continue to purchase homes; our typically strong spring has been spread more evenly across the spring and summer months…all of these belie the norms. The following...
There are plenty of headlines these days calling for a housing market crash. But the truth is, they’re not telling the full story. Here’s what’s actually happening, and what the experts project for home prices over the next 5 years. And spoiler alert – it’s not a crash. Full article here: The Truth About Where Home Prices Are Heading (512) 853-0110...
The sweeping tax reform signed into law on July 4 by President Donald Trump, includes significant wins for the real estate professionals, consumers and the economy. In many cases, the National Association of REALTORS® has been working for years on legislative priorities included in the final package. These provisions form the backbone of the real estate economy—from supporting first-time and...
Here are the June/2025 MLS single-family statistics for Austin, TX: There was a glimmer of hope in June’s home sales stat numbers with 3 green categories–our 1st month since January that we had 3 of these positive-trending numbers. This is especially important when you compare June to the 1st half of 2025 (below). June numbers were better than it in 6 of the 8 categories. We’ll...
Legislators enacted a slew of bills aimed at curbing home prices and rents, which reached new peaks in recent years as the state gained hundreds of thousands of new residents and its economy boomed. As the state grew, so did its housing shortage, which housing advocates have blamed for the run-up in housing costs. State lawmakers sought to relieve that shortage with a broad collection of ideas, cutting...
Here are the May Single-family Home Sales Statistics for the Austin, TX metro: Our Austin metro single-family home market seems to be stuck in a rut this year with below average numbers for all 8 categories above except for one. Pendings went up 3.2% which is a positive sign since pending listings are a future-indicator of home sales…once a listing goes pending, it should close about 30-45...
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