Found 4 blog entries tagged as central austin.

A plurality of homes sold in August within the Central Austin market were worth $1 million or more (Courtesy Austin Board of Realtors)

Community Impact Austin shares, "in August, homes sat on the market for more days in Central Austin compared to year over year, according to data from the Austin Board of Realtors.

The details

Only two ZIP codes out of 12 in Central Austin saw a decrease in the amount of days spent on the market. ZIP code 78731 saw an increase of about 162%.

Out of 12 ZIP codes, seven saw decreases in the amount of homes sold year over year.

Decreases in home prices year over year have been seen across eight ZIP codes in Central Austin.

A plurality of homes sold in August within the Central Austin market were worth $1 million or more."


Source: Community Impact

Written by: Elle Bent

Published: September 16, 2024


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With higher median home prices year over year, the average number of days homes sat on the market were up, and sales were down. (Courtesy Austin Board of Realtors)

Community Impact reports, "most Central Austin ZIP codes saw an increase in median home prices year over year in September, but there were a few exceptions, according to data from the Austin Board of Realtors.

Like median home prices, the average number of days homes spent on the market and the number of home sales were also mixed. Days on market were up and home sales were down, but there were some exceptions.

In September, median home prices in 78703 dropped by 50% from $1.8 million to just over $889,000. In 78701, median prices dropped nearly 50% from $1.13 million to $570,000.

Conversely, median prices in 78756 jumped over 50% from $603,500 to $926,750, the biggest increase in the market. In 78751, homes went from $822,500 to over $1 million.

The…

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Bill and Sara Kauffman listen to Realtor George Castillo during a tour of a Southwest Austin home. (Nell Carroll/Community Impact)

Community Impact Austin writes, "even as Southwest Austin remains among the most desirable and pricier areas of the metro to buy or rent, local data points to the housing market settling down after a recent burst of activity.

Movement toward a more balanced market has been underway since last year with observers crediting broader trends, such as rising interest rates, lasting inflation and more mild job growth, for spurring the changes. Every month in 2023 has seen local homes priced well below 2022 levels and taking longer to sell.

The days of new home listings drawing crowds and selling rapidly are not entirely over, some real estate experts said. Generally, they said buyers now have a better chance to explore their options thanks to narrowing…

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Central Austin home prices are slightly decreasing, and inventory is increasing, according to Austin Board of Realtors. (Courtesy Adobe Stock)

Community Impact writes, "home prices are continuing to trend downward, and housing inventory is on a steady uptick in Central Austin, according to Austin Board of Realtors January report.

In January, median home prices in Central Austin decreased 0.2% to $680,000 in Central Austin.

This trend was reflected throughout the Austin-Round Rock area, where median home prices decreased 6.3% to $450,000, the largest drop since July 2011, according to ABoR.

ABoR President Ashley Jackson said that while the market is cooling within the Austin region, surrounding Central Texas cities are seeing an uptick in home prices.

“Outlying areas like Caldwell and Hays counties are the most affordable pockets in Central Texas. When we have a city like Austin challenged by…

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