Austin Home Prices Up Year-Over-Year: October 2024 Market Insights In October 2024, the Austin real estate market has demonstrated notable resilience, achieving an average sold price of $579,330, a 5.5% increase from September 2024, and a 3.5% rise compared to October 2023. Although the current October price does not surpass the record high of October 2022, when the average sold price reached $593,970, this recent gain indicates a market rebound year-over-year and month-over-month. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241028061847.png" alt="" width="" height="" style=""></figure></div> Historically, Austin’s real estate market has exhibited distinct cyclical patterns. The peak in October 2022 marked the highest recorded October average sold price. Since then, prices have moderated, with fluctuations reflecting adjustments to the shifting economic climate and changing buyer demand. However, the data from October 2024 suggests a renewed interest in the Austin market, with current prices recovering from prior declines and showing sustained month-over-month growth, despite remaining below the 2022 high. The market's trajectory over the past two years highlights these cyclical shifts. For instance, the average sold price decreased to $559,879 in October 2023, representing a year-over-year decline of approximately 5.7% from 2022. This decline mirrored broader market adjustments across Texas and other regions as buyers recalibrated in response to economic conditions. The 2024 data, however, reflects a return of positive momentum, as prices rise above 2023 levels, though they remain about 2.5% below the October 2022 peak. This year-over-year increase indicates a stabilizing market with steady buyer demand. Median sold prices add another layer of insight into Austin’s real estate dynamics. In October 2024, the median sold price was $435,000, a 2.4% increase from September’s $425,000, although it reflects a slight year-over-year decline from October 2023’s $438,520. This decrease contrasts with the rise in average prices, signaling that high-value properties are driving the market’s upward trend while the central portion of the market remains relatively stable. This pattern suggests that while buyers continue to pursue premium properties, options in more affordable ranges remain accessible. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241028061933.png" alt="" width="" height="" style=""></figure></div> The data underscores Austin’s balanced appeal to a range of buyers. The simultaneous rise in average sold prices and stabilization of median prices suggests that the market offers both high-end and accessible options for buyers. Although prices remain below the October 2022 high, the current month-over-month and year-over-year gains in 2024 indicate a strengthened market with potential for future growth as economic conditions evolve. In summary, October 2024 represents a significant milestone in Austin’s real estate market recovery, with the average sold price reaching $579,330. This figure, while below the October 2022 record high of $593,970, reflects a positive upward shift from October 2023, with a month-over-month increase of 5.5%. As Austin continues to attract buyers across different price points, its real estate market remains robust, with both average and median prices providing a comprehensive view of market health.&nbsp;

October 2024 marked a resurgence in Austin’s real estate market with an average sold price of $579,330, up 5.5% month-over-month and 3.5% year-over-year. Explore data insights on the Austin market’s growth trajectory and its current position below 2022’s record high

Austin Home Prices Rebound in October 2024: A Year-Over-Year and Month-Over-Month Growth Analysis

Austin’s Real Estate Market Hits Record-High Average List Price in October 2024 The City of Austin continues to demonstrate its robust real estate market growth, with the average list price reaching an all-time high of $947,796 in October 2024. This marks a significant increase from the previous October 2023 figure of $891,040, representing a 6.36% year-over-year rise. Austin’s real estate market has consistently demonstrated resilience and upward movement in property values over the past decade, contributing to its appeal for both homebuyers and investors. Looking back at historical data, the average list price in Austin has climbed steadily over the last decade. In 2014, the average price was $446,553, meaning that in 10 years, the city has seen a staggering 113.8% increase in property values. This growth is reflective of Austin’s position as one of the fastest-growing cities in the United States, driven by strong economic factors, population growth, and high demand for housing. Month-to-month data over the past year shows fluctuations in pricing, but the general trend has remained upward. In January 2024, the average list price was $887,148, slightly down by 0.5% from January 2023. However, this minor decline was quickly offset in subsequent months, with prices rebounding and ultimately peaking in October 2024. Notable increases include the February average list price, which rose to $913,186, and the March figure of $921,807. In addition to the year-over-year increase, the data shows strong growth over the past five years. From 2020 to 2024, Austin’s average list price rose by 69.6%. This five-year trend underscores the city's sustained price appreciation, making it a sought-after location for both residential and investment properties. The year 2021 was particularly noteworthy, with the market experiencing a 22.7% increase in list prices in October of that year, largely due to heightened demand and limited inventory during the pandemic. Examining the data from earlier years highlights the long-term upward trajectory of the market. In October 2015, the average list price was $480,635, and by October 2020, it had surged to $638,789, a 14.3% rise from 2019. As of October 2024, the city has maintained a steady pattern of growth, despite occasional market adjustments. This upward trend in Austin’s real estate market is not unique to October alone. Throughout 2024, other months also experienced substantial price increases. For instance, the average list price in April 2024 was $946,453, which represents a 3.0% rise compared to the previous year. In July 2024, the market held firm with an average price of $825,660, marking a 1.2% year-over-year growth. These figures emphasize the ongoing demand for housing in the Austin area. One of the most striking aspects of this data is the consistency of Austin’s real estate market growth, even during periods of economic uncertainty. The year-over-year percentage changes show that the city has experienced stable, upward trends for the better part of a decade. Whether looking at the 10-year growth of 113.8% or the five-year surge of 69.6%, it is clear that Austin remains a competitive market for both buyers and sellers. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241024043822.png" alt="" width="" height="" style=""></figure></div> As Austin’s average list price continues to rise, market analysts will closely watch whether this trend persists into 2025. For now, it’s evident that Austin's real estate market is strong, with prices reflecting both the high demand for housing and the area's rapid economic growth. The data suggests that as long as these driving factors remain in place, Austin’s market will likely continue to thrive, presenting opportunities for those looking to invest in one of the nation’s most dynamic housing markets​

In October 2024, Austin’s real estate market hit a record high, with the average list price reaching $947,796. Learn about the market's impressive 113.8% growth over the past decade and what’s driving these numbers.

Austin Real Estate Reaches Record-High List Price: October 2024 Analysis

Austin Real Estate: What Months of Inventory Reveal About Buyer and Seller Markets October 15, 2024 : In the Austin real estate market, understanding the relationship between inventory and days on market is crucial for both buyers and sellers. The recent report on the area’s zip codes provides valuable insights into these dynamics by categorizing markets as seller’s, neutral, or buyer’s markets based on the <a href="https://teamprice.com/real-estate-glossary/months-of-inventory">Months of Inventory (MOI)</a>. This analysis helps guide real estate decisions, providing a snapshot of local supply and demand. The Months of Inventory metric is a key indicator of whether a market favors sellers, is neutral, or favors buyers. A seller’s market is defined as having less than 4.9 months of inventory, suggesting limited supply relative to demand, which often leads to faster sales and higher prices. In the <a href="https://teamprice.com/cities/austin-tx">Austin area</a>, 31 zip codes, or 41% of the markets, fall into the seller’s market category. For example, in <a href="https://teamprice.com/zip-codes/78739">zip code 78739</a>, homes have an MOI of just 1.5 months, with a median price around $799,000. Here, homes are selling quickly, presenting a competitive landscape for buyers. A neutral market is characterized by an MOI between 5 and 6.9 months, where supply and demand are relatively balanced. In the Austin area, 23 zip codes, or 31% of the markets, are in a neutral state. For instance, <a href="https://teamprice.com/zip-codes/78724">zip code 78724</a> in Austin has an MOI of 6.89 months with a median price of $372,500, indicating stability in housing prices and demand. Buyers in these areas can expect moderate competition, while sellers have a fair chance of selling within a reasonable timeframe. Finally, a buyer’s market is one with an MOI of over 7 months, suggesting ample supply and less demand, which tends to favor buyers through increased bargaining power and potentially lower prices. There are 21 zip codes, or 28% of Austin markets, categorized as buyer’s markets. Notably, <a href="https://teamprice.com/zip-codes/78645">zip code 78645 in Leander</a> has a high MOI of 11 months, with a median home price of $550,000. Homes in these areas tend to remain on the market longer, offering buyers more time and choices. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241015024617.png" alt="" width="" height="" style=""></figure></div>​ The relationship between Days on Market and Months of Inventory is significant, with a strong positive correlation of 0.81. This means that as inventory levels rise, the days a home spends on the market also tend to increase. For example, in the high-inventory area of <a href="https://teamprice.com/zip-codes/78612">78612 (Cedar Creek)</a>, homes stay on the market for an average of 131 days. Conversely, in low-inventory seller markets, such as <a href="https://teamprice.com/zip-codes/78717">78717</a>, where the MOI is just 2.35, homes move off the market in a relatively short period of 67 days. For buyers, this analysis provides a guide to navigating <a href="https://teamprice.com/cities/austin-tx">Austin</a>’s varied real estate markets. In buyer-heavy areas with higher MOI, there’s more room to negotiate and less urgency to act quickly. Sellers, on the other hand, may need to consider competitive pricing and timing strategies, especially in areas where higher inventory levels correlate with longer listing times. In summary, the Austin real estate market showcases a diverse range of opportunities for buyers and sellers alike. By understanding the significance of inventory and days on market, individuals can make well-informed decisions in this dynamic market landscape​

Explore the Austin real estate market with a focus on Months of Inventory by zip code. Understand buyer and seller trends, days on market, and how these factors impact home prices and competition. Discover which areas favor buyers or sellers and gain insights for making informed real estate decisions

Austin Real Estate: How Inventory Affects Days on Market by Zip Code

Austin’s Housing Market Shows Signs of National Shift: Freddie Mac House Price Index for July and August 2024 September 30, 2024 : The&nbsp;<a href="https://teamprice.com/freddie-mac-house-price-index">Freddie Mac House Price Index (FMHPI)</a> is an important tool that tracks the trends in home prices across cities in the United States. For real estate professionals, homeowners, and potential buyers, understanding these trends is crucial in making informed decisions about the market. The latest data from July and August 2024 provides valuable insights into the shifts occurring in the housing market, particularly in Austin, Texas, as well as other major cities across the country. In July 2024, the national housing market experienced a slight decrease in home prices. The <a href="https://teamprice.com/freddie-mac-house-price-index">Freddie Mac House Price Index</a> for that month revealed an average month-over-month (MoM) decline of 0.1% across major cities. However, the year-over-year (YoY) price changes indicated that many markets were still growing compared to the previous year, with an average increase of 3.5%. Cities like Miami and Charlotte saw higher growth rates, driven by strong demand, while cities like Austin showed more modest or even negative trends. By August 2024, the national housing market displayed more noticeable changes. The MoM increase across cities averaged 4.02%, suggesting that while there was some softening, many markets were still experiencing upward momentum. The YoY price increase also slowed slightly to an average of 3.5%, down from the 3.5% seen in July. This indicates that while prices are still higher than they were a year ago, the rate of growth is stabilizing. For Austin, this change was less positive. The city’s MoM increase was a modest 1.74% in August, showing a slower pace of growth compared to the national average. Year-over-year, Austin’s housing prices fell by 5.1% in August, compared to a 5.1% decline in July. This trend points to a market correction in the city, as home prices cool after years of rapid increases. Austin, known for its strong housing market in recent years, has faced new challenges in 2024. The tech-driven city had seen a surge in demand for homes during the pandemic, as more people moved to the area for remote work opportunities and quality of life. However, in 2024, rising mortgage rates and concerns about affordability have dampened demand. Buyers are now more hesitant to enter the market, leading to a cooling in prices. For homeowners and sellers in Austin, this means adjusting expectations, while for buyers, it could represent an opportunity to enter a market that is stabilizing. Other cities in the Freddie Mac House Price Index for July and August show varied results. In Miami, housing prices continue to rise, driven by a combination of migration from other states and strong local demand. Miami saw a YoY increase of 13.6% in August 2024, making it one of the strongest-performing markets in the country. By comparison, cities like San Francisco and Denver have experienced declines similar to Austin’s, with both cities showing year-over-year price decreases. San Francisco, in particular, has been grappling with affordability issues and a shift in the workforce that has reduced demand for high-priced homes in the city. Looking at the data for the top 40 cities by population, several patterns emerge. Cities in the Southeastern United States, such as Miami, Tampa, and Charlotte, continue to experience price growth, though at a slightly slower pace than in previous years. These cities have been beneficiaries of a migration trend from more expensive regions, as people seek more affordable housing and warmer climates. On the other hand, cities in the Western United States, including Austin, San Francisco, and Denver, have seen prices decline as market conditions shift. In these cities, affordability and the end of pandemic-driven demand have contributed to the cooling market. The <a href="https://teamprice.com/freddie-mac-house-price-index">Freddie Mac House Price Index</a> also provides insight into the broader national trends for all 384 cities included in the data. While the overall MoM price changes indicate that many markets still see positive growth, YoY growth remains positive but slower than in previous years. The national average YoY price increase of 3.5% in August 2024 reflects a still-growing market, while Austin showed a YoY decrease of 5.1%. The national average MoM increase was 4.02%, with Austin’s increase standing at 1.74%. Additionally, Austin is down 15.5% from its peak in May 2022, while the national average drop from the peak across all cities is 1.4%. One of the most important insights from the Freddie Mac House Price Index is the "Down from Peak" data. Last month, 76 out of the 384 cities tracked by the FMHPI had experienced a decline from their peak home values. However, in just one month, that number surged to 335 cities—a staggering 87.2% of the tracked markets. This dramatic increase suggests a widespread correction in home prices across the United States. Austin, which saw a significant drop of 15.5% from its peak, may very well be the "canary in the coal mine" for this broader market downturn. As one of the first major cities to experience a sharp price decline, Austin could be signaling what’s to come for other cities. With more markets now following suit, this data reflects a cooling housing market that could become a national trend in the coming months. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241001123131.png" alt="" width="" height="" style=""></figure></div>​ Austin’s housing market, in particular, stands out in the latest Freddie Mac data. While the national average increase in home prices from January 2020 to August 2024 is 51.6%, Austin's growth in the same period is 40.8%. From January 2021, the national average increase is 35.6%, while Austin saw only an 18.3% rise. Since August 2022, the national market has grown by 7.8%, but Austin’s prices have dropped by 11.9% in that same period. This marks a significant shift from the city’s rapid price increases in previous years. The decline in Austin’s market can be attributed to a combination of rising mortgage rates, affordability concerns, and a reduction in out-of-state buyers who had previously fueled demand. For buyers and sellers in Austin, understanding these trends is crucial. For buyers, the price declines may present an opportunity to enter the market at a more favorable time, particularly as inventory levels rise and competition decreases. Sellers, on the other hand, may need to adjust pricing expectations as the market corrects itself. Real estate professionals in Austin should keep a close eye on these trends, as the market continues to shift in response to broader economic factors. In conclusion, the <a href="https://teamprice.com/freddie-mac-house-price-index">Freddie Mac House Price Index</a> for July and August 2024 highlights the varied performance of housing markets across the United States. While some cities continue to see price growth, others, like Austin, are undergoing a market correction. For those in the Austin real estate market, understanding these data points and adjusting strategies accordingly will be key to navigating the changes in the months ahead.&nbsp;

Freddie Mac House Price Index for July and August 2024, with a focus on Austin’s housing market trends. Learn how Austin’s home prices have dropped by 15.5% from their peak, signaling a potential national housing market correction. Stay informed on the latest shifts in the real estate market

Austin Leads National Housing Market Shift: Freddie Mac House Price Index for July and August 2024

Understanding Seasonal Trends in Real Estate Prices September 14, 2024 : Real estate markets are known for their cyclical nature, with specific months showing patterns of price increases and decreases. The data provided from 2000 to 2024 highlights this cyclical trend, with April emerging as a key month for price increases. Understanding these month-over-month changes in the median sold prices can help both buyers and sellers make informed decisions about the optimal time to enter or exit the market. From the data, April is a standout month, with significant price increases observed over the years. In fact, 22 out of the 25 Aprils included in the data saw month-over-month price increases. This consistency in price growth makes April a crucial month for those looking to maximize their sale price. On the other hand, September, which only saw price increases in 4 out of 25 years, tends to be a weaker month for sellers. This drop in activity during September reflects the seasonal slowdown that typically begins in the fall and extends into the winter months. A closer look at the data reveals how prices fluctuate throughout the year. For example, March also shows strong activity, with price increases in 17 out of 25 years. May is another month where sellers have seen positive results, with price increases in 21 of the 25 years studied. This aligns with the broader trend of increased buyer demand during the spring and early summer months, which tends to drive prices up. Conversely, September and October are often slower months for the market, with fewer price gains and, in many cases, declines. Real estate prices are heavily influenced by seasonality. The spring and early summer months, particularly March through June, are when the market is most active. This is likely due to families wanting to settle into new homes before the school year starts and the more favorable weather conditions for home buying. This is seen in the consistent price increases during these months. For example, in 2021, March saw a 7.3% price increase, followed by 8.2% in April. Meanwhile, September of that year saw a price decrease of 4.3%, demonstrating the market’s typical slowdown after the summer peak. The data also shows how external factors can influence real estate prices. During the 2009 financial crisis, for instance, prices were highly volatile. January of that year saw a 3.1% decrease in prices, but by February, prices had increased by 7.6%. This volatility shows that while seasonal trends are important, larger economic conditions can significantly impact the market. By 2021, the market had rebounded dramatically, with a 27.0% overall increase in prices for the year. This kind of price growth highlights how quickly the market can shift in response to changing economic conditions. Given these seasonal trends, timing is key for anyone looking to sell a home. If the goal is to close in April, it’s important to consider the time it takes for the average property to go from listing to closing. The data shows that properties that close in April typically stay on the market for a median of 37 days, followed by a 30-day closing period. That means a total of 67 days from listing to closing. To close by the end of April, the ideal listing time would be around February 22. This gives the property enough time to be on the market, attract buyers, and move through the closing process by the target date. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240914095211.png" alt="" width="" height="" style=""></figure></div> Understanding the cyclical nature of real estate prices can be a powerful tool for both buyers and sellers. By analyzing historical data, it becomes clear when the market is most active and when prices are likely to increase or decrease. April consistently stands out as the month where prices rise the most, while September sees the opposite trend, with declining prices. By timing their decisions based on these patterns, sellers can maximize their chances of success in the real estate market. For up to date information, refer to our <a href="https://teamprice.com/market-cycle">Austin Real Estate Market Cycle</a> Resource.&nbsp;

September 14, 2024 : Discover the cyclical nature of real estate prices from 2000 to 2024. Learn why April is the best month to sell your home, how seasonal trends impact prices, and when to list your property for maximum value. Analyze detailed data to make informed real estate decisions

Real Estate Market Cycles: How Timing Affects Home Prices

September 03, 2024&nbsp;: The Austin real estate market in 2024 has experienced a significant increase in activity, particularly reflected in the cumulative new listings from January through August. This year, the number of new listings in the Austin Area MLS is 19.2% higher than the historical average for this period, which marks a substantial deviation from past trends. To fully understand the implications of this data, it’s important to examine how 2024 compares to previous decades and economic cycles, as well as consider the various factors contributing to this surge, including increased living costs, higher taxes, and record-high new construction activity. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240903020353.png" alt="" width="" height="" style=""></figure></div> Seasonal Trends in Austin MLS Listings Since 2000 :&nbsp;The data from 2000 to 2024 reveals clear seasonal patterns in the Austin real estate market. Typically, the spring and summer months (March through August) have been the most active in terms of new listings, while the fall and winter months (September through February) see a slowdown. This seasonal cycle is influenced by factors such as weather, school calendars, and economic conditions. Early 2000s: Economic Expansion and Housing Boom :&nbsp;In the early 2000s, the Austin real estate market saw a robust increase in new listings during the spring and summer months, driven largely by the tech boom. This period marked significant population growth and housing demand in Austin. For instance, in 2001, new listings peaked during the summer, significantly higher than in the winter months. This pattern continued throughout the early 2000s, with the market experiencing a steady rise in new listings each spring and summer as more people moved to the city. Mid to Late 2000s: The Housing Bubble and Financial Crisis :&nbsp;The mid-2000s continued the trend of increasing new listings, particularly during the spring and summer seasons, as the housing market reached its peak nationwide. However, the financial crisis of 2007-2008 caused a sharp decline in new listings, especially noticeable during the typically active spring and summer months. For instance, the number of new listings in the summer of 2008 was significantly lower than in previous years, reflecting the broader economic downturn. The fall and winter months saw even fewer listings, as market uncertainty kept both buyers and sellers on the sidelines. 2010s: Recovery and Renewed Growth :&nbsp;The early 2010s marked a recovery in the Austin real estate market. By 2012, new listings had returned to more typical seasonal patterns, with increases during the spring and summer months. This period also marked significant population growth in Austin, driven by the city’s growing reputation as a tech hub. The market’s recovery was particularly evident in 2015 and 2016, where summer listings were notably higher than in the winter, reflecting the return of seller confidence. Throughout the 2010s, the seasonal pattern of spring and summer surges in listings remained consistent. By 2017 and 2018, the market was particularly active, with strong numbers during these peak seasons. This growth reflected increasing housing demand as more people moved to Austin, coupled with favorable economic conditions. 2020s: Pandemic Impact and Rapid Market Changes :&nbsp;The 2020s brought unique challenges and shifts in the seasonal patterns of new listings. The COVID-19 pandemic initially disrupted normal market activity, with a slight dip in new listings in 2020, particularly during the spring. However, by 2021, the market had rebounded strongly, with new listings in the spring and summer months exceeding those of previous years. The rise in remote work and continued population growth fueled this recovery, making Austin one of the most active real estate markets in the country. In 2022 and 2023, the seasonal pattern continued with strong spring and summer activity. However, 2024 has been particularly notable, with a 19.2% increase in cumulative new listings from January through August compared to the historical average. The spring and summer months of 2024 have been exceptionally active, with new listings consistently outpacing those of previous years. Contributing Factors to the 2024 Surge :&nbsp;While the increase in listings could suggest a thriving market, several underlying factors indicate a more complex situation. One significant driver of the rise in new listings is the increasing cost of living in Austin. Over the past few years, housing affordability has become a pressing issue, with rising property taxes and other living expenses pushing some homeowners to sell and relocate to more affordable areas. This trend has contributed to a higher number of homes being listed on the market, particularly in 2024. This resource can be found in our <a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a>; a resource that is updated weekly.&nbsp; Additionally, new construction activity in Austin has reached record highs. The city’s continued population growth and demand for housing have led to a surge in new developments, adding to the inventory of available homes. This influx of new construction has further increased the number of listings, particularly during the spring and summer months when these new homes are most likely to be completed and put on the market. Moreover, there is a possibility that some homeowners are looking to capitalize on current market conditions, anticipating that prices may peak soon due to the increased supply. The combination of existing homeowners listing their properties and new construction hitting the market has created a substantial boost in the number of active listings. Matching Seasonal Data with Economic Analysis :&nbsp;When comparing the 2024 data to previous seasons and economic cycles, it becomes evident that this year’s surge in new listings is part of a broader trend of market resilience, influenced by both economic pressures and ongoing demand. The early 2000s saw similar increases during the tech boom, while the recovery in the 2010s brought about strong seasonal activity. However, 2024 stands out due to the magnitude of the increase, particularly during the typically active spring and summer months. The rise in new listings in 2024 may reflect a market that is grappling with the challenges of high living costs and increased taxes, as well as the effects of a construction boom. While these factors contribute to a growing inventory, they also suggest that the market is experiencing significant changes that could affect pricing and overall market stability in the near future. The cumulative new listings in the Austin Area MLS from January through August 2024 represent a significant increase over the historical average, marking a return to high levels of market activity not seen since the early 2000s. However, this surge is driven by various factors, including rising living costs, increased property taxes, and record-high new construction activity. When analyzed within the context of past decades and economic cycles, 2024 emerges as a year of both growth and potential market shifts. As the year progresses, understanding these contributing factors and their impact on the market will be crucial for real estate professionals, buyers, and sellers navigating the dynamic Austin real estate landscape.

Rising living costs, increased property taxes, and record-high new construction have led to a 19.2% surge in new listings in the Austin real estate market in 2024. This detailed analysis compares current trends with past decades and economic cycles, providing key insights into the evolving market dynamics

How Rising Costs and New Construction Drove a 19.2% Increase in Austin MLS Listings in 2024

2024 Austin Pending Property Report: A Decade-Low in August Transactions August 22, 2024 : The Austin real estate market has been a focal point of attention for many years, and recent data on pending properties provides a revealing look at current market conditions. As of August 2024, the number of pending properties in the Austin MLS stands at 4,119, marking the lowest August figure since 2014. This trend highlights significant shifts in the real estate landscape that are worth exploring in detail. Historically, the Austin real estate market has seen a consistent rise in the number of pending properties, particularly from 2014 through 2020. In August 2014, there were 4,059 pending properties, which grew to 6,694 by August 2020. This sharp increase was likely fueled by the low interest rates and the significant demand surge due to the COVID-19 pandemic, which saw many individuals seeking to purchase homes. However, this peak was not sustainable, and since 2020, the market has seen a steady decline in pending listings. By August 2021, the number of pending properties had decreased to 5,993, signaling the beginning of a market correction. This downward trend continued in the subsequent years, with 4,593 pending properties recorded in August 2022 and 4,201 in August 2023. The most recent data for August 2024 reveals a further decline to 4,119 pending properties. This number not only reflects a 2% decrease from the previous year but also a 38.5% drop from the high seen in August 2020. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240822103122.png" alt="" width="" height="" style=""></figure></div> The data from 2014 to 2024 provides a clear picture of how the Austin real estate market has evolved. The consistent growth from 2014 through 2020, followed by a gradual decline, suggests that the market is undergoing a period of adjustment. This adjustment could be attributed to several factors, including rising interest rates, economic uncertainties, and the aftereffects of the pandemic-driven boom. As the market begins to stabilize, fewer buyers are entering the market, which is reflected in the decreasing number of pending transactions. Moreover, the year-over-year comparisons highlight the magnitude of the market's downturn. While the 2% decline from August 2023 to August 2024 may seem small in isolation, it is part of a larger trend of diminishing buyer activity that has persisted over the last four years. The data also indicates that the market has not only cooled but is possibly entering a phase of normalization after an unprecedented period of growth. In terms of market cycles, the Austin real estate market appears to be transitioning from a seller’s market to a more balanced or even buyer’s market. This shift is significant for both buyers and sellers. Buyers may find themselves with more leverage as the number of pending listings decreases, while sellers might need to adjust their expectations in terms of pricing and the time it takes to close a sale. In conclusion, the Austin real estate market has seen a notable decrease in the number of pending properties as of August 2024. This decline, the lowest since 2014, reflects broader market trends and economic conditions that have impacted buyer activity. As the market continues to adjust, stakeholders will need to remain vigilant and adapt to the changing landscape to navigate the evolving real estate market effectively.​ <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240822103155.png" alt="" width="" height="" style=""></figure></div>

Discover the latest insights into the Austin real estate market, as August 2024 records the lowest number of pending properties since 2014. Learn about the trends and factors influencing this significant decline in the Austin MLS.

Austin Real Estate Market Sees Lowest August Pending Listings Since 2014

2024 Austin Real Estate Activity Index: What the Numbers Reveal​August 19, 2024 : As the real estate market in Austin, Texas, continues to evolve, it is crucial to understand the current dynamics shaping the industry. One key metric that offers insight into market activity is the <a href="https://teamprice.com/real-estate-glossary/activity-index" style="font-size: 18px;">Activity Index</a>, which measures the percentage of pending listings compared to the total number of active and pending listings. This index provides a snapshot of the market's momentum, indicating whether buyer activity is increasing or declining.​In 2023, the Austin-area real estate market exhibited significant activity, peaking on April 29 with an <a href="https://teamprice.com/real-estate-glossary/activity-index" style="font-size: 18px;">Activity Index</a> of 36.66%. This figure was reflective of a market where buyer interest was high, and properties were being absorbed at a rapid pace. However, as the year progressed, the Activity Index showed a gradual decline, signaling a reduction in market activity. By November 2023, the index had dropped noticeably, underscoring a shift in market conditions. Fast forward to 2024, and the story has taken a different turn. The Activity Index on March 21, 2024, was recorded at 30.78%, already lower than the peak levels observed in 2023. This early indication of reduced activity set the tone for the rest of the year. As of August 19, 2024, there are 15,191 active listings on the Austin-area MLS, with 4,077 properties pending. This gives us an Activity Index of 21.2%, a stark contrast to the higher levels seen the previous year. The current index not only highlights a continued decrease in buyer activity but also suggests a market that may be becoming more saturated with active listings and fewer properties moving to the pending stage. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240819070737.png" alt="" width="" height="" style=""></figure></div> The downward trend is further emphasized when comparing the 2023 and 2024 Activity Indexes directly. The difference between the overall Activity Index in 2023, which averaged around 28.3%, and the current 2024 index of 21.2%, represents a significant drop of approximately 25.3%. This decline is indicative of changing market conditions, where there may be more inventory available but less urgency among buyers to make purchases. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240819070135.png" alt="" width="" height="" style=""></figure></div>​ This analysis of the Austin-area real estate market through the lens of the <a href="https://teamprice.com/real-estate-glossary/activity-index">Activity Index</a> reveals a market in transition. The data points to a decrease in buyer activity, which could be attributed to various factors such as rising interest rates, changes in buyer sentiment, or an increase in housing supply. As we move further into 2024, monitoring the Activity Index will be essential for both buyers and sellers to navigate the evolving market landscape effectively. ​​

August 19, 2024 : Latest trends in the Austin real estate market with an in-depth analysis of the Activity Index. Discover how the 2024 market is evolving compared to 2023 and what this means for buyers and sellers.

Austin Real Estate Market 2024: Activity Index Reveals Decline

Austin Real Estate Market Update: Understanding Current Trends August 10, 2024 : The Austin real estate market has experienced notable fluctuations over the years, with the most recent data offering valuable insights into its current state. One of the most critical metrics used to evaluate market conditions is the <a href="https://teamprice.com/market-update">Months of Inventory (MOI)</a>, a measure that indicates how long it would take to sell all the homes currently on the market if no new listings were added. The MOI is calculated by taking the average number of units sold monthly over the past year and dividing the current number of active listings by that figure. This calculation provides a snapshot of the market's current supply and demand balance. According to the latest data, the <a href="https://teamprice.com/market-update">Austin-area MOI</a> as of August 2024 stands at 5.3 months. This figure places the market squarely in the "neutral" category, which is defined by an inventory level between 5 and 6.9 months. A neutral market suggests that there is a relatively balanced number of buyers and sellers, with neither group holding a distinct advantage. Historically, the <a href="https://teamprice.com/market-update" class="on">Austin MOI</a> has seen significant variations. For example, in July 2010, the MOI peaked at 8.6 months, indicating a strong buyer's market at the time. In contrast, more recent years have witnessed much lower MOI levels, reflecting tighter market conditions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810011723.png" alt="austin-months-of-inventory-2024-update" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="0" data-file-name="austin-months-of-inventory-2024-update.png" data-file-size="218707" data-origin="," style=""></figure></div> It's important to note that the MOI is considered a lagging indicator, as it reflects the inventory based on the historical absorption of properties. This means it provides insight into past market conditions rather than predicting future trends. To get a fuller picture of the market, it is also essential to consider leading indicators like the "<a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a>" and the <a href="https://teamprice.com/activity-index-city">Activity Index for cities</a> and the <a href="https://teamprice.com/activity-index-zip-code">Activity Index for zip codes</a>.&nbsp;<a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a> is (AUC + PB) / (New + BOM). AUC stands for "Active Under Contract," PB stands for "Pending, Taking Backups," New stands for "New Listings," and BOM stands for "Back On Market." A ratio less than one indicates an increase in inventory and a ratio of more than one will indicate a decrease in inventory.&nbsp;​The chart below will show you both the activity index and months of inventory for all 75 zip codes in the Austin-Area. We update this chart daily and you can access an updated version by going to our <a href="https://teamprice.com/active-residential-listings" style="font-size: 18px;">Austin-Area Active Residential Listings</a> resource. The Activity Index is calculated by dividing the number of pending properties by the total number of active and pending properties (Pending / Active + Pending). This ratio shows the current level of market absorption and, when analyzed alongside the MOI, provides a powerful way to understand both leading and lagging market indicators. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810012018.png" alt="austin-zip-code-activity-index-months-of-inventory-2024" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="2" data-file-name="austin-zip-code-activity-index-months-of-inventory-2024.png" data-file-size="168979" data-origin="," style=""></figure></div> This neutral stance in the market is further supported by the <a href="https://teamprice.com/active-residential-listings">number of active residential listings</a>. As of the latest update in August 2024, there are 15,690 active residential listings in the Austin area. This inventory provides a comprehensive view of the available housing supply, a critical factor influencing both pricing and market dynamics. A higher number of listings typically gives buyers more options and can lead to longer times on the market for sellers, which is consistent with the current neutral MOI. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240810011828.png" alt="active-listings-austin-august-2024" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-align="center" width="" height="" data-size="," data-percentage="auto,auto" data-index="1" data-file-name="active-listings-austin-august-2024.png" data-file-size="269108" data-origin="," style=""></figure></div> To understand the implications of these figures, it is essential to look at the historical trends. The <a href="https://teamprice.com/insight-and-statistics">Austin real estate market</a> has transitioned through various phases over the past two decades. In the years following the 2008 financial crisis, the MOI reached its highest levels, signifying a period when buyers had a strong upper hand due to the abundance of available properties. As the market recovered, the MOI gradually declined, moving through a seller's market phase, where homes were in high demand and inventory was scarce. The current neutral market indicates a period of stability, where supply and demand are more evenly matched. The data-driven insights provided by the MOI and active listings offer a detailed snapshot of the current Austin real estate market. Understanding these metrics, along with leading indicators like the <a href="https://teamprice.com/new-listing-to-pending-ratio">New Listing to Pending Ratio</a> and the Activity Index, is crucial for both buyers and sellers as they navigate the complexities of real estate transactions. For sellers, knowing that the market is neutral might influence their pricing strategies and expectations regarding how long their home will stay on the market. For buyers, the current MOI suggests that while there are options available, they should be prepared for a market that does not overwhelmingly favor them. As the <a href="https://teamprice.com/insight-and-statistics">Austin real estate market</a> continues to evolve, keeping a close eye on these indicators will be essential for making informed decisions. Whether you are buying or selling, understanding the dynamics of the market can help you navigate the process more effectively and with greater confidence.

August 10, 2024 : Explore the latest trends in the Austin real estate market with our August 2024 update. Learn about current inventory levels, Months of Inventory (MOI), and how leading indicators like the Activity Index and New Listing to Pending Ratio provide a comprehensive market analysis. Stay informed with our detailed market insights.

Austin Real Estate Market Trends: August 2024 Inventory Update and Analysis

Historical Analysis of Properties Sold Below List Price: 2000-2024 Insights June 26, 2024 : The real estate market is always fluctuating, and understanding these changes is crucial for both buyers and sellers. This article examines the percentage of properties sold under the list price from January 2000 to the present month of 2024. By analyzing this data, we can gain insights into the market's past and present conditions, helping you make more informed decisions. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240626124813.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="sold under list price.png" data-file-size="512516" data-origin="," style=""></figure></div> Starting in 2000, the percentage of properties sold under the list price was relatively high, with 52.1% in January. Throughout the early 2000s, the percentages remained high, particularly during economic downturns. For instance, during the Great Recession of 2008-2009, we saw significant peaks. In November 2008, 74.4% of properties sold under the list price, and in November 2009, this number was even higher at 79.5%. These peaks reflect the economic struggles of the time, where sellers were more willing to lower prices to close deals. As the economy recovered, the percentages began to stabilize. In the years following the recession, we noticed a gradual decrease in the percentage of properties sold under the list price. By 2013, the percentages were lower compared to the previous decade, indicating a recovering market. For instance, in 2013, the percentage of properties sold under the list price ranged from 57.6% in April to 72.4% in January. The market saw a significant shift in 2021. This year marked one of the lowest percentages of properties sold under the list price. In July 2021, only 13.3% of properties sold below the list price, a stark contrast to previous years. This change can be attributed to low inventory and high demand, leading to competitive bidding wars where many homes sold at or above the list price. In 2022, the market began to stabilize again. Although the percentages were higher than in 2021, they were still relatively low. The percentages ranged from 16% in April to 71.5% in December. This variation reflects the typical seasonal trends in the real estate market, with higher percentages often occurring in the winter months. Looking at 2023, we see a continuation of this stabilization. The percentages varied from 55.6% in April to 72.5% in December. This indicates a balanced market with steady buyer and seller activities. The data suggests that while the market was not as overheated as in 2021, it remained robust. So far in 2024, 66% of properties have sold under the list price. This is a notable increase compared to the previous year, suggesting a potential cooling in the market. This could be due to several factors, including rising interest rates, which reduce buyer affordability, and economic uncertainties that impact buyer confidence. In conclusion, the data from January 2000 to June 2024 highlights the dynamic nature of the real estate market. By understanding these trends, buyers and sellers can better navigate the market, making more informed decisions. Whether you are looking to buy or sell, staying informed about market conditions is essential.&nbsp;​ This article is based on data published on June 26, 2024. <a href="https://teamprice.com/insight-and-statistics">Austin Real estate statistics</a> are constantly evolving. For the most current data and analysis, please refer to the following resources, updated weekly: <a href="https://teamprice.com/sold-price-to-list-price-ratio">Sold to List Price Ratio</a>

June 26, 2024 : Explore the trends in the real estate market from 2000 to 2024, focusing on the percentage of properties sold under the list price. Understand how economic conditions, seasonal variations, and market fluctuations impact these trends. Stay informed to make better real estate decisions.

Understanding Real Estate Trends: Properties Sold Under List Price from 2000 to 2024

Recent data reveals a notable increase in the monthly mortgage payment, or PITI (Principal, Interest, Taxes, Insurance), influenced primarily by changes in median sold prices and mortgage rates. This article explores these changes and their implications on the housing market. April 2024 has marked a significant rise in the median sold price of homes, which now stands at $480,000, an increase of $15,000 or 3.2% from the previous year. This rise in housing prices is a primary driver behind the upward trajectory of mortgage payments. Such increments are reflective of broader market dynamics, including supply constraints and varying demand pressures, which continue to shape the pricing landscape. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240414015209.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="market cycle.png" data-file-size="373649" data-origin="," style=""></figure></div> Another crucial factor contributing to the increased financial burden on homebuyers is the adjustment in mortgage rates. According to Freddie Mac, the mortgage rate for April 2024 is 6.85%, up from 6.34% in April 2023. This rise in interest rates, albeit seemingly modest, significantly impacts the total cost of financing a home. Mortgage rates are a critical component in determining the affordability of housing, as they directly affect the monthly payment amount homeowners are required to pay. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240414015222.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="rate.png" data-file-size="415349" data-origin="," style=""></figure></div> As a result of these factors, the monthly mortgage payment for a typical home, inclusive of principal, interest, taxes, and insurance (PITI), has escalated to $3,696 in April 2024. This represents a $226 increase from the $3,470 recorded in April 2023. Such a change is the largest year-over-year increase in PITI since January 2023, underscoring a trend that could affect buyer affordability and market accessibility. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240414015239.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="affordability.png" data-file-size="426915" data-origin="," style=""></figure></div> This trend has broader implications for the real estate market. Increases in PITI directly influence the affordability threshold for many potential homebuyers, potentially slowing down the pace of home purchases, especially among first-time buyers. Moreover, the rise in interest rates could lead to more cautious borrowing, as prospective homeowners might anticipate further increases in rates or opt to wait for a more favorable financial landscape. In summary, the current dynamics in the real estate market, including rising home prices and increasing interest rates, are making home purchasing more expensive. The surge in monthly mortgage payments reflects significant economic forces and underscores the need for prospective buyers to carefully evaluate their financial positions and the timing of their home purchases. As the market continues to evolve, staying informed about these trends will be crucial for anyone looking to navigate the complexities of buying a home in today's economic climate. This information is based on market analysis from April 14, 2024. For up to date information : <a href="https://teamprice.com/insight-and-statistics">Insight &amp; Statistics</a> : <a href="https://teamprice.com/affordability">Affordability</a>: <a href="https://teamprice.com/market-cycle">Market Cycle</a> : <a href="https://teamprice.com/30-year-fixed-mortgage-rate">30 Year Mortgage Rates</a>

Latest 2024 data show how rising median home prices to $480,000 and increased mortgage rates to 6.85% are driving up monthly mortgage payments. Understand the year-over-year increase of $226 in PITI, with April payments reaching $3,696, marking the largest hike since January 2023. 

Understanding the Surge in Mortgage Payments: A Detailed Analysis of Recent Trends

Understanding the Surge in Mortgage Payments : April 14, 2024

The Austin real estate market, covering Travis, Williamson, Bastrop, Hays, Caldwell, and Burnet counties, has shown some interesting changes this April 2024. Let's dive into the numbers to see what's going on. First off, homes in April were sold for about 95.46% of their original asking price. That's the highest percentage we've seen since August 2022, which had a slightly higher percentage of 96.46%. When we talk about the original list price, we mean the price a home is first put up for sale in the MLS. That number can change over time as sellers adjust their expectations before the home officially goes under contract. So, who's getting what they ask for? Well, in April, most homeowners didn't get their full asking price. In fact, 60.4% sold their homes for less than the list price. But it's not all bad news; some folks managed to sell right at their list price (that's 21.2% of them), and a lucky few, 18.4%, sold their homes for more than they asked. This is pretty good compared to recent times, especially since back in September 2022, only 21.8% of homes sold above the list price. Let's look back a bit. The start of 2022 was pretty good for sellers, with homes often selling for more than the asking price. But by December 2022, the numbers dipped, with homes selling for less than the asking price, which was a trend for a while. However, since early 2023, things have started to pick back up, and this April's numbers show that the market is getting stronger again. These numbers are important. They help us understand what's going on in the Austin area's housing market. A high percentage of homes selling over the list price could mean that there's a lot of competition between buyers, and sometimes they're willing to pay more to get the house they want. When the percentage is lower, it could mean there are more houses available, or maybe buyers are just not willing to pay as much. What does all this mean for you? If you're selling, it's a sign that things might be looking up, and you could get a good price for your house. If you're buying, it's useful to know how much wiggle room you might have in negotiations. And if you're just keeping an eye on the market, these figures show that the Austin area is bouncing back and might continue to grow. In short, keeping track of these trends can help everyone, whether you're buying, selling, or investing in real estate here in the Austin area, make smarter decisions. This data is as of April 13, 2024. If you would like up to date information on the <a href="https://teamprice.com/sold-price-to-list-price-ratio">Sold to List Price Ratio</a>, you can access that information here : <a href="https://teamprice.com/sold-price-to-list-price-ratio">Sold to List Price Ratio</a> <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240413052314.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="ratio.png" data-file-size="353535" data-origin="," style=""></figure></div>

60.4% of properties sold below, 21.2% at, and an impressive 18.4% above the asking price so far this month! Explore the latest trends in the Austin-area real estate market with our in-depth analysis for April 2024. 

Are Austin Home Sellers Getting Their Asking Price? April 2024 Insights

In a comprehensive analysis of real estate price dynamics across 30 cities in Central Texas from 2023 to 2024, the data reveals a nuanced landscape of market adjustments. The period under review saw an equal distribution of cities experiencing growth in property values and those witnessing declines, underscoring the diverse economic factors at play within the region. The year-over-year (YoY) price changes highlight a blend of upward and downward trends, with an average price difference of 2.2% and a median difference of -0.8%. Cities like Dale, Smithville, and Spicewood emerged as the top performers in terms of percentage growth. Dale astonishingly surged by 29.9%, Smithville by 36.6%, and Spicewood by 15.9%, showcasing significant investor confidence and possibly demographic shifts or infrastructural developments fueling these increases. On the contrary, Driftwood, Lago Vista, and Liberty Hill experienced the most substantial declines, with Driftwood's prices falling by 16.3%, Lago Vista by 13.1%, and Liberty Hill by 9.7%, reflecting adjustments possibly due to market corrections or changes in local demand dynamics. The city of Austin, often considered a bellwether for the Central Texas real estate market, saw a decrease of 4.2% in housing prices, aligning with a broader trend of cooling in some of the more historically overheated markets. Conversely, cities like Burnet and Lockhart, with price jumps of 11.3% and 13.2% respectively, indicate areas of burgeoning growth, potentially driven by emerging economic opportunities or an influx of residents seeking alternatives to more expensive urban centers. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240402082405.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="image.png" data-file-size="155126" data-origin="," style=""></figure></div> The balance between cities with increasing and decreasing property values points to a complex interplay of regional economic health, housing supply constraints, and shifting consumer preferences. Cities such as Bastrop, Buda, and Cedar Park, with variances in their price trajectories, further exemplify the localized nature of real estate markets, where factors such as school district quality, proximity to major employment hubs, and local amenities can significantly influence property valuations. This detailed exploration into the real estate market dynamics of Central Texas from 2023 to 2024 provides a granular view of how individual cities within the region are navigating broader economic currents. The data underscores the importance of localized market analysis in understanding the diverse factors contributing to property value trends, offering valuable insights for investors, homeowners, and policymakers alike. This information was compiled on Tuesday, April 02, 2024. For up to date access to the latest appreciation analysis, access the information below.&nbsp; Up to Date Resources (updated weekly) :&nbsp;<a href="https://teamprice.com/appreciation-year-over-year-city">Appreciation Year over Year City</a> ​

Explore an in-depth analysis of housing price changes across 30 cities in Central Texas between 2023 and 2024. Discover which cities have seen significant growth, which have declined, and the factors influencing these trends. This article provides essential insights for investors, homebuyers, and industry analysts seeking to understand the evolving real estate landscape

Central Texas Real Estate Trends 2023-2024: A Detailed Analysis of Housing Price Changes

Housing Cost Analysis: Navigating Price Changes in Central Texas from 2023 to 2024

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