austin real estate mls stats, april 2018

Have no fear, the April 2018 real estate statistics for Austin are here!

The total units sold as well as the median price of homes in Austin are both up, with 7% and 2% increases respectively. These are impressive numbers despite a drop in inventory of 2.8%.

In fact inventory levels are down 4,600 units compared to eight years ago.

Important market notes:

  • Overall demand is up 7%
  • More than 10,000 units have been sold this year to date
  • Inventory remains low, at only 2.4 months

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Austin’s popularity seems to grow every day. Whether it’s our food, nature trails, career opportunities, or local music, Austin boasts a magnetism that’s impossible to deny.

In fact, U.S. News announced recently that Austin is the number 1 place to live in 2018!

Since over 62,000 new residents are expected to move to the city just in 2018, the rest of the country seems to agree with U.S. News’ conclusion.

As many might suspect, all our popularity puts Austin real estate in high--and growing--demand. Austin homes appreciated by 7.2% over the course of the last year.

If you’re in the market to invest in Austin real estate, here are some hot locations you might consider:

Central East Austin

Living in Central East Austin means calling…

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austin real estate mls leasing statistics - may 2018

Supply remains level while demand continues to grow by 7.5% in 2018, with prices remaining level from 2017.

Total leases are up across most property types, with home leases up 10% compared to the first four months on 2017.

Here are a few of the key statistics to pay attention to:

  • Total leases are up 7.5%
  • Property leases are up 2%
  • Leases of single-family homes remained relatively level
  • The median price per square foot of both apartments & single-family homes remained more or less level

Steady growth is the name of the game in Austin's tight leasing market. Overall statistics remained consistently level across the board, with modest growth in several key areas.

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The process of buying your first home brings with it a handful of new terms and phrases to learn.

By researching or asking your Austin or San Antonio real estate agent what each new term means, you can set yourself up for success and achieve a more informed understanding of the home buying and selling process.

Among the many words you may soon encounter, “escrow” is one you’ll want to know. While the term is used across a handful of financial industries, this article will solely define escrow in relation to the real estate industry.

What Does Escrow Mean?

When a person refers to money (or something else of high value) as being “in escrow”, they mean that their value-item is being held by an unbiased third party to ensure a fair transaction…

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austin real estate market statistics

Hot off the press! The March 2018 real estate statistics for Austin are in!

The median house price has now surpassed 2017 totals, with total units sold up 7.7% compared to last year. Inventory, while remaining quite low, has increased to 2.2 months from 2.0 months compared to February's stats.

The real estate market in Austin continues to take off with home values soaring to new heights.

Market highlights:

  • Total units sold are up 3%
  • Total inventory is down 2.8% compared to last year
  • Over 7000 units have been sold since the beginning of 2018!

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