Austin real estate market update, July 2019

Welcome to the latest Austin real estate market update from the local MLS®, courtesy of your friends at JB Goodwin REALTORS®.

The city of Austin is still a red-hot housing market, but signs are continuing to point to a slight cooling off. Total units sold for the year stand at 17,988 units, an increase of 3% compared to last year - inventory, however, has also dropped by 3%.

The median price of homes continues to rise with a 2% uptick!

Key stats to look out for:

  • Inventory across Austin remains low at just 2.7 months
  • Demand continues to rise, with a 3% increase overall compared to 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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Would you like your house to be the coolest on the block without feeling like you’re donating your paycheck to the local utilities company?

Then read on as we cover some tips and tricks to lower your home air-conditioning bill during the blazing Texas summer!

Let’s start with the lowest-cost, fastest options first:

1. Keep the Blinds Closed

Did you know closing the blinds can save you up to 7% on your electric bill and lower temperatures in your home by up to 20 degrees, according to website Family Handyman?

While you’ve probably felt the difference this makes at some point in your life, it’s nice to know what kind of return you can expect for your efforts here! For added savings, install neutral-colored blackout curtains to the south- and…

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On the heels of another record-setting year for real estate sales in 2018, San Antonio looks poised for continued – if slowing – expansion due to job growth and affordable home options.

Let’s run down what the experts are forecasting for the Alamo City as we approach 2020:

San Antonio Express News: "Not Enough SALT In High-Value Markets – Homeowners in high-dollar, high-tax markets will feel the effects of the late 2017 tax bill that limits deductions on state and local taxes (SALT) to $10,000 – a number easy to surpass in property taxes in some markets. Buyers in high-end markets may face regrets when tax time arrives."

San Antonio Board of Realtors [via CultureMap.com]: "Though the numbers are climbing, SABOR says this shouldn't dissuade…

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Austin, Texas real estate

Take a look at the leasing statistics for July 2019 brought to you by the Austin MLS® - courtesy of the JB Goodwin Team.

This month brings good news for renters! Although the overall supply of rentals is still down from 2018, the number of units available have doubled since May 2019. Austin’s competitive market has certainly eased up this month with the demand for rentals down 2%.

Here are the key statistics for this month’s leasing report:

  • Total leases are down 2%
  • Total home leases are down 2%
  • Median prices are level
  • Single-family home leases are down 12%

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the best austin suburbs for raising a family

Raising a family in Austin can be a wonderful experience. The city offers great career opportunities, reputable schools and universities, exciting year-round events for all ages, and easy access to beautiful Texas nature.

Once you’ve decided Austin is where you want to live, how do you choose the right neighborhood for your family?

Fortunately, Austin is a very family-friendly place. It’s not hard to find safe, pleasant communities with access to fun experiences and daily amenities. So when it comes to choosing which part of town to settle down in, you can really just start with your preferences:

What part of town do you want to live in?

How close do you want to be to downtown Austin?

How close do you want to be to work?

What is my…

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