Luxe Austin Homes - home sales

"Home sales launch in massive Flora neighborhood in Hutto"

Austin Business Journal writes, "A sprawling master-planned community in Hutto is coming along as another homebuilder opens up sales within it.

Nevada-based Tri Pointe Homes, one of the busiest volume homebuilders in the metro, now has homes ready to purchase in the master-planned community, said Bryan Havel, Tri Pointe’s Austin division president. Work on Flora, an 835-acre project in Hutto developed by Precedent Land Company, began in March 2024.

Other homebuilders involved in the first phase of Flora, which Havel said is being built on about 50 acres, include Brightland Homes, Meritage Homes, Empire Communities, Perry Homes, Highland Homes and Westin Homes, according to Flora’s website. Of those, Westin is the only homebuilder not marketing…

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"Average new home price in Austin fell $12,000 in January sales slump"

CultureMap Austin reports, "A new statewide real estate report has shown a slow decline in new home sales across Texas, including in the Austin metro area.

The latest New Home Sales Index by HomesUSA.com discovered that Austin saw the fewest new homes sold in January out of the four biggest metros in Texas. The three-month moving average of new home sales in Austin fell to 809 last month, versus 834 sales in December 2024.

Housing prices were was also lower in January, with the average new home in Austin dropping to $483,056. That's nearly $12,000 less than the average prices in December, which came out to $494,714.

While these declines may seem atypical, a sales slump is actually normal during the winter season, according to HomesUSA founder…

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"Central Austin homes continue to spend more time on market year over year"

Community Impact Austin reports, "Homes in Central Austin spent 19.7% more time on the market in January 2025 compared to January 2024, according to data from the Austin Board of Realtors. Median home prices only saw a slight increase year over year, with the largest share sold in the $900,000 and over price range.

The details

Median home prices slightly increased year over year by 1.42%. Homes in 78756 saw the largest price increases year over year, by 84.31%, and homes in the 78701 ZIP code saw the largest decrease in price, by 57.78%.

In January 2025, the largest share of homes sold in Central Austin were in the $900,000 and over price range. This is similar to last month.

Homes spent 19.7% more time on the market year over year. Out of the…

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"4 things to know about Austin’s housing market in 2025"

ATX Today writes, "Predictable, steady, opportunity. Those are the words Unlock MLS Housing Economist Dr. Clare Knapp used to describe Austin’s housing market this year at the Austin Board of Realtors Headquarters today.

If you’re looking to buy or sell a home in the Capital City in 2025, here’s what to expect. 

1. Predictable mortgage rates

Knapp said mortgage rates will likely stay in the 6% range during the first half of the year and might dip into the 5% range later in 2025.

2. Consistent home prices + sales

Active listings in Austin were up by nearly 15% in 2024, and Knapp said healthy inventory is expected to carry over into 2025. Home sales and prices will probably remain flat, but Knapp emphasized that prospects may still be…

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"Check out real estate trends in the Bastrop-Cedar Creek area in November"

Community Impact shares, "The real estate market continues to see action in the Bastrop-Cedar Creek area, which experienced 62 home sales in November, according to data from the Austin Board of Realtors.

Zooming in

In the 78602 ZIP code, 42 homes sold, while 20 sold in the 78612 ZIP code in November.

The median home sales price in the 78602 ZIP code over the last six months is $375,000, and in the 78612 ZIP code, median home prices were $474,998 in the same time frame.

In the 78602 ZIP code, homes were listed on the market for an average of 70 days. In the 78612 ZIP code, homes were on the market for an average of 87 days.

Source: Community Impact

Written by: Sierra Martin

Published: December 19, 2024

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"How Austin fits into Zillow's predicted housing market growth in 2025"

CultureMap Austin writes, "It looks like a few more people are about to turn their online home shopping daydreams into reality in 2025. Zillow, the famous real estate listings website, says in a press release that next year will likely bring "a gradual but bumpy decline in rates, impacting sales and price growth."

It attributes the forecast to "erratic and dramatic mortgage rate movements" throughout 2024, which will continue to affect the market. The website's housing market predictions report estimates that 2025 will see about 100,000 more sales than 2024, that home value growth will be "low and slow" at 2.2 percent, and that inventory and new listings will continue recovering from pandemic weakness.

On a local scale, Zillow's latest data…

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"Forecasts in 4 top markets a reminder that real estate is local"

Key points:

• During NAR’s annual real estate forecast summit, a panel of economists shared predictions for their markets in 2025.
• Compared to much of the country, Austin and Florida have significant inventory, while in Virginia and California, supply remains constrained.
• Regional issues including post-boom rebalancing, chronic underbuilding and job shifts will continue to impact local markets next year.

RealEstateNews.com writes, "As real estate agents and brokers prepare for 2025, they will need to consider how national forecasts — including predictions of more transactions in 2025 — apply to their local markets.

While the mantra "all real estate is local" remains in play, some trends proved fairly consistent between 2020 and…

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"2025 could bring some relief to one major housing challenge. Here's what to expect in the new year."

Austin Business journal shares, "More rate volatility, more affordability challenges — but slightly more inventory.

Those are some of the predictions among housing economics for the 2025 for-sale housing market. Beset by continued home-price appreciation, scarce inventory and a mortgage lock-in effect — not to mention sweeping industrywide changes — buying and owning a home continues to be out of reach for many.

Here's what to expect in the U.S. housing market next year.

Inventory and home sales

The biggest potential for relief in 2025 could come from an uptick in inventory.

While many existing homeowners are carrying a mortgage rate of 4% or less, life events and a broader acceptance that rates likely won't drop down to those levels…

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"Prices still at record levels even as existing-home sales tick up"

Key takeaways

• Existing-home sales in October 2024 rose 3.4 percent from the previous month and 2.9 percent from a year ago, according to the National Association of Realtors — the metric’s first annual gain since 2021.
• The nationwide median sale price was $407,200, up 4 percent from last year and the highest October median on record.
• Inventory in October was at a 4.2-month supply — still tight, but a sign that buyers are gaining more bargaining power.

Bankrate.com writes, "The housing market suffered from sluggish sales again in October 2024, but sales volumes finally are looking up. And home prices remain near record highs, a new report by the National Association of Realtors (NAR) shows.

The median home-sale price marked the highest…

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"Sales of Existing Homes Rise Annually for First Time in 3 Years"

Realtor.com reports, "Sales of previously owned homes rose in October following a brief dip in mortgage rates, and posted their first year-over-year gains since 2021.

Total existing-home sales increased 3.4% from September, to a seasonally adjusted annual rate of 3.96 million last month, the National Association of Realtors® reported on Thursday. The October sales figure, which excludes new construction, represented a 2.6% gain from one year ago.

Median home prices continued to rise on an annual basis last month, increasing 4% from October 2023, to $407,200. It marked the 16th consecutive month of year-over-year price increases.

The annual gain in home sales was the first seen since July 2021. However, the year-over-year gain was boosted by…

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