Market Updates

Real Estate Market Updates for Dallas and Austin.

 

The facts of residential real estate have remained consistent in 2017. In year-over-year comparisons, the number of homes for sale has been fewer in most locales, and homes have been selling in fewer days for higher prices. This hasn't always been true, but it has been a common enough storyline to make it an overarching trend for the year. New Listings were up in the North Texas region 4.1 percent to 9,318. Pending Sales decreased 4.6 percent to 7,224. Inventory grew 1.0 percent to 24,651 units. Prices moved higher as Median Sales Price was up 5.5 percent to $242,500. Days on Market increased 6.8 percent to 47. Months Supply of Inventory was down 3.7 percent to 2.6 months, indicating that demand increased relative to supply. New tax legislation could

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AUSTIN, Texas – Dec. 14, 2017 – Single-family home sales declined in the city of Austin but increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the second month in a row, according to the November 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, “Due to rapid population growth throughout Central Texas, Austin continues to have one of the highest demands for housing in the nation. Homes sales are the strongest where price points are the lowest and where development options are available, such as parts of Williamson and Hays counties. We are seeing some slowing home price appreciation and housing inventory

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For residential real estate in 2017, the news has continued to provide a relative sense of calm for both buyers and sellers, according to NTREIS. The national unemployment rate registered in at 4.1 percent for October 2017, which means that joblessness has not been this low in the U.S. since December 2000. Another positive, mortgage rates have held steady at or near 3.9 percent. Historically, the average rate has been around 6.0 percent. These factors help to keep the pool of potential buyers full, even during the so-called off-season of home sales. New Listings were up in the North Texas region 6.7 percent to 11,359. Pending Sales decreased 3.6 percent to 8,144. Inventory grew 3.7 percent to 26,631 units. Prices moved higher as Median Sales

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AUSTIN, Texas – Nov. 14, 2017 – Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, but declined in the city of Austin, according to the October 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 Austin-Round Rock housing market continues to slightly outperform last year’s home sales activity, keeping 2017 on-pace for another record year for home sales. At the same time, low housing inventory levels along with constrained housing development activity throughout the city of Austin are preventing home sales growth at the city level.”

Single-family home sales in the

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Single-family home sales declined across most of the Austin-Round Rock Metropolitan Statistical Area (MSA) in September, while inventory levels continued to increase, according to the September 2017 Central Texas Housing Market Report released by the Austin Board of REALTORS®. 

>Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “Despite last month’s dip in home sales activity, it’s important to remember that we’re comparing our current figures to the record-breaking housing market activity in 2016 and it’s not necessarily indicative of a downturn.”

Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS®, agreed: “Austin has had one of the fastest job growth rates in

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According to NTREIS Stats every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling. Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving. New Listings were up in the North Texas region 4.1 percent to 11,829. Pending Sales decreased 6.8 percent to 7,980. Inventory grew 4.3 percent to 27,352 units. Prices moved higher as Median Sales Price was up 6.7 percent to $240,000. Days on Market

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September 2017 DFW Housing Market Upate Infographic

August tends to mark the waning of housing activity ahead of the school year. Not all buyers and sellers have children, but there are enough parents that do not want to uproot their children during the school year to historically create a natural market cool down before any actual temperature change. However, in the DFW area competition is expected to remain fierce for available listings. Savvy sellers and buyers know that deals can be made well into the school months, as household formations take on many shapes and sizes.

According to the report recently released by the North Texas Real Estate Information Systems, new listings were up in the North Texas region 7.4 percent to 13,612. Pending sales decreased 9.1 percent to 9,083. While the market is

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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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