JBGoodwin REALTORS® - Austin & San Antonio Real Estate Blog - Austin Real Estate

Austin Real Estate MLS Statistics - 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

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Austin Real Estate MLS Statistics - January 2019

Hot off the press! Get up to date with what's going on with the Austin real estate market direct from the MLS®, courtesy of your friends at JB Goodwin!

There are some signs that the market may be slowing down slightly. Total units sold and median home values have remained level compared to 2018, even as inventory has grown by over 1000 units. That's an increase of 19%! Despite this increase, inventory still remains low when compared to the early part of the decade, with a supply of just 2.3 months.

Here are a few key stats to look out for:

• Demand remains level
• The median price of homes sold 1 month into the year is $294,000
• 1,797 units were sold in January throughout the city of Austin

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The Pros and Cons of Buying A New Construction Home in Texas

As you enter the central Texas real estate market, there are many types of homes to consider. It may be helpful to narrow your search by asking simple either/or style questions:

One or two story? House or duplex? Close to downtown or remote?

You also might ask: Should I buy a new construction home or one that’s been lived in before?

There are wonderful benefits to buying a new or used home in Central Texas. For today’s article, we’ll investigate the pros and cons of buying a new construction home. By default, this article will also tell you about some of the benefits of buying used homes as well.

We hope this is helpful as you enter the Texas real estate market.

Without further ado:

The Pros of Buying a New Construction Home

Many…

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Austin Real Estate MLS Statistics - December 2018

Welcome to the latest edition of the JB Goodwin real estate market stats report, direct from the MLS®!

Upward is the overall trend more or less across the board. Inventory is actually up 700 units compared to 2017 figures, even though its down 2,000 units overall compared to eight years ago.

It was quite a year in Austin! The total units sold this past year amounted to 34,435, with a median price of $304,900, up 4% from the previous year.

Here are a few key stats to look for:

• Demand is up 3%
• Overall inventory is still low, with just a 2.3 months supply
• Total units sold for 2018 is up 1.5% compared to 2017

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Why Moving to Austin is a No-Brainer for Tech Workers

Careers in tech are more accessible than ever. With the influx of VC-backed startups, accessible training, and high job growth across many fields, it’s a great time to work in tech.

One of the first decisions when it comes to job hunting is location. Though remote work is on the rise, in-office jobs remain the standard.

Even in tech.

Known by some as Silicon Hills, Austin has been a destination for tech businesses and innovative minds for decades.

This beautiful city has so much going for it: quirky nightlife, beautiful natural areas in the hill country for hiking and camping, innovative dining, new luxury condo/apartment options, and a city pride that is larger than life.

People love living in Austin.

If you’re in tech, here’s why…

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Why Millennials Are Moving to Austin

Austin’s skyline has evolved quickly in the last decade. New businesses and residential high rises show the remarkable speed at which our infrastructure is changing.

Perhaps the only thing growing faster than our buildings is our population.

Austin is one of the fastest growing cities in the country, with 170 new residents moving here every day. But one demographic is moving here faster than others: the Millennial generation.

Millennials constitute the generation born between 1981 - 1996 and make up most of today’s workforce.

So why is Austin such a magnet for this population? We have some ideas:

Careers in Austin

Cities with competitive employment opportunities offer an obvious selling point to the largest generation in the modern…

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Austin Real Estate MLS Leasing Statistics - November 2018

So, how is the rental market in Austin faring? Well, we're glad you asked. Read up on the latest from the Austin leasing market, direct from the MLS®!

Supply remains quite low at just 300 units, so it's a great time to lease out that property you've been considering. With high demand and low supply, you can get top dollar for your rental. Remember, the average days on market for a rental in Austin is currently 34 days, but you can get that property filled 4 days faster with a JB Goodwin rental specialist.

The essential stats to look out for:

• Total leases are up 4%
• Home leases are up 6%
• Property & single-family home leases are both down 10% respectively
• The median price of a single-family home rental is $1,750, or approximately…

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New Fortune 100 Company HQ Coming to Austin: What This Means for Local STEM Opportunities

In January 2018, WalletHub ranked Austin, Texas the fourth best metro area in the country for STEM (Science, Technology, Engineering, and Mathematics) professionals.

When it comes to STEM opportunities, publications like WalletHub look for cities where big companies in technical fields are expanding. Those expansions translate into job opportunities.

Austin Business Journal recently announced that Resideo Technologies (REZI), a Honeywell spinoff and Fortune 100 company, has chosen Austin for its future headquarters.

Resideo manufactures residential indoor-environmental control and security systems. They are the “leading wholesale distributor of security and low-voltage products,” and a top manufacturer of smart home products.

What will…

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Austin Real Estate MLS Statistics - September 2018

Hot off the press! The JB Goodwin Team is proud to present the latest Austin MLS® stats for the month of September 2018!

Upward is the predominant trend across several different statistics. In a shift over last month, inventory is up 5% compared to 2017 figures, as are the median price of homes and the total units sold year to date.

Supply is up 400 units compared this same time last year, but still lags far behind eight years ago when there were 2,500 more units available for sale.

Key stats:

• Median home prices are up 4.3% over last year
• Despite an increase, inventory remains low at just 3 months
• Demand is up 3%

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Austin Real Estate MLS Leasing Statistics - October 2018

Read up on the Austin rental market with JB Goodwin's MLS® leasing statistics for the month of October - hot off the press!

Supply is still down overall, but up slightly over last month with 200 available units. With supply down and demand up 4% in 2018, now is a great time to lease out that property. The average days on market of an Austin rental property is 34 days, but you can get that unit filled 5 days quicker with JB Goodwin!

Other essential leasing stats:

• Total leases are up 4%
• Home leases are up 6%
• Property leases & single-family homes leases are both down, 6% & 8% respectively

Are you interested in learning more about leasing our your Austin home, condo or townhome? Don't hestitate to contact the team at JB…

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