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Market Info Focus on Austin Economic 23′ Outlook and Luxury Homes in ATX Market Downturn Causation At the beginning of 2022, we saw the pandemic boom continue resulting in ongoing demand and the market was incredibly high and supply low. Average Sold Price increased by +18.5% from January to May until the Fed stepped up to hedge inflation with rate increases and mortgage rates more than doubled to […]
Market Info Austin Real Estate Market – December 2022 The end-of-year market saw a sharp improvement in the decline of contracts in December 2022 from November 2022, which fell by almost half. Remember that historically,  December is a very slow month for contracts, thus these declines may be somewhat skewed in this small dataset. If You’re a Buyer You still have a lot of […]
Market Info Texas Quarterly Housing Report Texas REALTORS® – 2Q 2022 Highlights from the report: Statewide, median home prices were up 19.1% to $357,388. 108,390 homes were sold in Texas during Q2-2022, a 5.6% decrease compared to the second quarter of 2021. Nearly half of the homes sold in Texas were in the $200,000-$399,000 price range. Homes spent an average of 27 days on the market […]
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