The Austin Board of Realtors said data shows both buyers and sellers are feeling optimistic about the housing market in a press release. Photo by @armandososaa

ATX Today writes, "In a word, the Austin housing market is looking fairly stable for both buyers and sellers, according to the Austin Board of Realtors’ February Market Statistics report. 

Let’s dive into some statistical highlights from last month."

City of Austin

  • Sales rose by 3% compared to February 2023.
    • About 200 more homes sold in February 2024 than January 2024.
  • The median sale price is $543,200, about $15,000 less than February 2023. However, that’s ~$8,700 more than January 2024.
  • New listings increased by 41.7% compared to this time last year.

Austin-Round Rock-Georgetown metropolitan area

  • The median sale price in February was $443,065, which is ~$13,000 more than January 2024 but ~$6,000 higher than…

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Ashton Gray Development's Briarwood community is Elgin's first in-city MUD. It's just one of the many developments that the Houston-based company has on its books. ASHTON GRAY DEVELOPMENT

Austin Business Journal reports, "the company behind Elgin’s Briarwood mixed-use development has big plans for other parts of the Austin metro.

Houston-based Ashton Gray Development recently gained approval from the Elgin City Council to annex 75 acres into Briarwood, a housing development and the city's first municipal utility district. With a pipeline that ranges from Jarrell to Lockhart and stops in between, however, that's only the tip of the iceberg for Ashton Gray, which is aiming to bring more than 5,300 single-family homes to the region, plus apartments and commercial projects.

“We started acquiring land in Austin several years ago,” said Shaun Vembutty, Ashton Gray founder and president. “This was even before some of the buying frenzy…

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Some experts predicted Austin's housing market would tank, but "For Sale" signs keep turning to "Sold." Brandon Bell/Getty Images

Business Insider writes, "just when some people thought the Austin, Texas, housing market was going to crash, it's starting to heat up again.

It could be a sign of relief for homeowners across the US — but bad news for hopeful buyers.

This sudden surge in Austin housing sales is a bit surprising. Not only were some experts predicting the downfall of the city's housing market just a few months ago, but interest rates have been back on the rise in 2024, reaching their highest level since December. However, Austin isn't the only city beating the odds; prices are still rising in 85% of US cities even though 91% of all homes are deemed "overvalued."

The inventory of houses for sale in Austin and the number of houses that sold both increased…

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JP Morales/Compass; Defend the Dream Foundation

Robb Report shares, "Former Texas Longhorn and Kansas City Chief linebacker Derrick Johnson—known to his many fans simply as “DJ”—has officially hoisted his swanky estate in Austin’s exclusive Spanish Oaks gated community up for sale.

The founder and president of the Defend the Dream Foundation, which serves low-income and inner-city youth, acquired the modern residence back in 2018. Now, six years later, the place has returned to the market with a nearly $4 million ask.

Custom-built by Olson Defendorf in 2015, and designed by Geschke Group Architecture, the creamy stucco and brick structure features five bedrooms and five bathrooms in a little more than 5,400 square feet of multi-level living space boasting an office wing, a gym, movie theater…

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