Join us as we examine the latest developments in the Austin real estate market, using stats direct from the Austin MLS®. You can see the entire market trends for the month of March in the infographic below!

The median price of a home in the city is up slightly at $295,300, compared to $304,500 this same time last year. Demand remains level with supply on the rise. Despite an increase of 500 units over last year, overall supply remains at a low 2.4 months.

Key stats to look out for:

  • 7,194 units have been sold, up 1.2% from last year
  • 6,600 units are currently on the market, up 17% from last year
Do you have more questions about the state of the Austin real estate market? Don't hesitate to contact JBGoodwin REALTORS® online…

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austin, texas downtown cranes, new construction

Have you heard the news… Austin is growing?

Local news station KXAN is now reporting that 27 new construction projects are currently in the works in downtown Austin alone!

According to KXAN, this includes:

  • Six new high rises on Cesar Chavez, including a 46-story skyscraper overlooking Republic Square
  • Along Waller Creek: A medical research facility that’s part of the Dell Seton Medical Complex and a 5,000-seat amphitheater at Waterloo Park
  • Eight new hotels, including a 32-story tower off Cesar Chavez featuring a hotel and apartments, a new Marriott west of the Austin Convention Center and a 42-room boutique hotel in east Austin

They are even reporting that a new condo on Rainey Street is being budgeted at a cool BILLION…

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Joining a homeowners’ association can be an added perk of living in certain communities. In essence, a homeowners’ association allows a community to agree to share the costs of the extra benefits of living in said community.

HOAs are common in gated neighborhoods with special accommodations like a pool, tennis courts, regular lawn service, and more. They can also afford greater security and fund neighborhood maintenance problems that may arise.

With shared community amenities, a local body to keep the neighborhood uniform and safe, and a community fund to help with issues around the neighborhood, HOAs provide a kind of safety umbrella for neighborhood members.

HOAs can make a neighborhood more pleasant and liveable by allowing for shared…

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Check out the latest leasing report for March 2019 direct from the Austin MLS®, courtesy of JBGoodwin REALTORS®.

Supply is down at just 200 available units across the city. It's a great time to lease out your space with demand up 3% so far in 2019. Rental prices remain level however.

Here's a breakdown of the key stats to look out for:

  • Total leases are up 3%
  • Home leases are up 2%
  • Property leases are down 7%
  • Single-family homes leases are down 2%

Remember, your friends at JB Goodwin can fill your rental property 4 days faster than the average Austin real estate agent.

Do you have more questions about the state of the Austin rental market? Don't hesitate to contact JBGoodwin REALTORS® online today!

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JB Goodwin MLS Real Estate Market Update, February 2019

What's going on in the Austin real estate market? We're glad you asked. Check out the latest JB Goodwin sold comparison report direct from the MLS® below!

Total units sold stands at 4,136, up a marginal 1.3% over this same time last year. Inventory is also up 17% over last year, with a total of 6,600 units currently on the market! Despite this increase, overall inventory remains comparatively low at just a 2.3 month's supply.

Key stats to look out for:

  • Demand remains level
  • The median price of homes sold so far this year is $293,400
Do you have more questions about the state of the Austin real estate market? Don't hesitate to contact JBGoodwin REALTORS® online today!

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