Market Updates

Real Estate Market Updates for Dallas and Austin.

september 2017 Austin housing market statistics

The 2017 Central Texas summer selling season was the strongest on record in terms of single-family home sales and median price across the Austin-Round Rock Metropolitan Statistical Area (MSA). This is according to the Austin Board of Realtor's recently released market stats. Single-family home sales volume jumped in the city of Austin in August, while median price held steady according to the August 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented: “The Central Texas housing market just experienced the strongest summer selling season on record. The Austin-Round Rock MSA saw record-breaking growth, during which median price topped

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Dallas Fort Worth market Statistics August 2017

How long can the residential real estate market go on like this? We are about two years into a national trend of dropping housing supply and increasing median sales prices. There are some regional variations to the story, but the shift to a predominantly seller's market is mostly complete. Multiple-offer situations over asking price are commonplace in many communities, and good homes are routinely off the market after a single day. It is evident that a favorable economy keeps hungry buyers in the chase.

According to a report recently released by North Texas Real Estate Information Systems, new Listings were up in the North Texas region 2.9 percent to 14,245. Pending Sales decreased 6.6 percent to 9,533. Inventory grew 5.2 percent to 27,969 units.

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August 2017 Housting Market Statistics

Single-family home sales volume held steady across the Austin-Round Rock Metropolitan Statistical Area (MSA) in July, while housing inventory levels posted strong gains, according to the July 2017 Central Texas Housing Market Report released recently by the Austin Board of REALTORS®.

"In years past, the high demand of the summer selling season has further constrained inventory levels and further pushed up home prices," commented Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®. "This year has been different, with steady gains in sales volume as well as listings and inventory throughout the summer. During a month when housing inventory should reach its lowest point of the year, housing inventory across the Central Texas region is at

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July 2017 Housing Market Statistics Dallas Fort Worth

There has been a general slowdown in sales across the country, and this cannot be blamed on negative economic news. Unemployment remains low and wage growth, though nothing to overly celebrate, has held steady or increased for several years in a row. There is strong demand for home buying, emphasized by higher prices and multiple offers on homes for sale in many submarkets. As has been the case for month after month – and now year after year – low inventory is the primary culprit for any sales malaise rather than lack of offers.

According to North Texas Real Estate Information System's monthly report, New Listings were up in the North Texas region 10.3 percent to 15,542, which can only help the current price situation. Pending Sales decreased 5.6

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July 2017 Austin housing market statistics

Central Texas single-family home sales growth slowed in the first half of 2017 while home prices continued to grow at a steady pace, according to the Mid-Year 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

“The Central Texas housing market continued to show signs of normalization in the first half of the year, with positive but more moderate gains in sales activity,” said Brandy Guthrie, President of the Austin Board of REALTORS®. “Homes are spending more time on the market, and housing inventory levels have slowly increased throughout the year. While it could take years for the region’s housing market to achieve balance between homebuying and selling activity, these trends indicate that the Central Texas

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June 2017 housing market statistics DFW

Home prices across the U.S. are reaching all-time highs, prompting worry over another boom-and-bust scenario like we experienced roughly ten years ago. Yet, as we glance across the state of residential real estate, what is clear compared to the last extended run of price increases is that lending standards are now much stronger than they were before. Incomes must be verified, a reasonable amount of money must be paid toward the home prior to purchase, and a more stringent loan approval process is in place to prevent a repeat performance of the Great Recession.

Unfortunately for DFW area millennials, the Dallas Morning News reports that “the average millennial in Dallas would have to save for 10.4 years in order to to afford a down payment on a

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Austin area housing market statistics May 2017

Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 2017 Central Texas Housing Market Report released recently by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented, “Housing is the backbone of our region’s economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing activity and inventory, in particular, are a positive

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 May 2017 Dallas/Fort Worth Housing Market Statistics

The nation's employment landscape and wages have both improved over the last few years, allowing for more people to become homeowners. Low interest rates have added to the mix, making it one of the best times to purchase a home in recent history.

When the economy is in good working order, as it is now, it creates opportunities in residential real estate and right now is a potentially lucrative time to sell a home. Houses that show well and are priced correctly have been selling quickly, often at higher prices than asking.

In the Dallas/Fort Worth area, this is no different. According to North Texas Real Estate Information System's monthly market statistics recently released, new listings were up in the North Texas region 1.2 percent to 13,240.

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May 2017 Housing Market Update

Single-family home sales increased throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in April, according to the April 2017 Central Texas Housing Market Report released by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, "After a slow beginning to the year, increases in single-family home sales, homes on the market, and housing inventory across the region in April 2017 indicate that the Central Texas housing market is ramping up for a strong summer selling season.”

Single-family home sales in the Austin-Round Rock MSA increased 3.2 percent year-over-year in April 2017 to 2,640 home sales. In the city of Austin, single-family home sales rose 2.2 percent annually to 827 home

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DFW April 2017 Housing Market Statistics

We can safely say that the first quarter of 2017 is off to a great start in the DFW area, although there was a bit of worry at the beginning of the year. New leadership in Washington aside, the policy shifts that can occur during such transitions coupled with the continuous low housing supply we’ve been experiencing were cause for concern. Steadily rising mortgage rates and ever-increasing home prices added to the tension. However, sales have held their own in year-over-year comparisons and look like they are going to improve as the busy summer time hits.

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