Luxe Austin Homes - inventory

"Here's where homes are selling the fastest as the housing market evolves"

Austin Business Journal writes, "Home sales have slowed in many cities across the country — including some Covid-era hotspots — but some communities are bucking the trend and seeing houses sell more than 40% faster than they did pre-pandemic.

That's according to The Business Journals' second-quarter analysis of the nation's hottest housing markets based on quarterly listing and sales data from Intercontinental Exchange.

ZIP code 49629 in Elk Rapids, Michigan, was the fastest-selling housing market in the nation for the second quarter. Homes in Elk Rapids spent an average of 23 days on the market.

The small, waterfront community — approximately 17 miles from Michigan vacation hotspot Traverse City — provides easy access to nearby Elk Lake and…

112 Views, 0 Comments

"The 'sweet spot' for frustrated homebuyers is on the horizon"

Austin Business Journal writes, "The best time of the year to buy a home is coming up, giving frustrated house hunters an increased chance to close a desired deal.

The week of October 12-18 is what Realtor.com is calling the “sweet spot” for home shoppers. Why? A rare combination of higher inventory, lower prices and less competition makes it ideal for buyers. And even though it's not exactly a buyer's market overall, the improved buying conditions could feel like a breath of fresh air for prospective buyers.

"After years of constrained conditions, the 2025 housing market is giving buyers something they haven't had in a long time: options," said Danielle Hale, chief economist at Realtor.com, in a statement. "I expect this market momentum shift…

87 Views, 0 Comments

"7 Major Cities Are Now Buyer’s Markets—but Delistings Continue To Rise"

Realtor.com writes,"Summer ended with a standoff between reluctant buyers and frustrated sellers—but this fall, house hunters can be a bit more optimistic as seven of the 50 biggest metros become buyer's markets.

The national housing market reached a balance of five months of supply—the first summer to do so since Realtor.com® began tracking this data nine years ago, according to the August 2025 Monthly Housing Market Trends report.

What does that mean in simple terms? The months of supply metric represents how many months it would take for all the for-sale homes on the market (including pending listings) to be sold at the current sales pace. 

The higher the months of supply, the slower the market—and the more negotiating power buyers have. 

114 Views, 0 Comments

"230 homes sold across Georgetown's 3 area ZIP codes in July"

Community Impact reports, "This July, 230 homes sold across Georgetown's three area ZIP codes, according to recently released data from the Austin Board of Realtors and Unlock MLS.

Diving in deeper

While this is the same number of homes that sold in July 2024, the distribution of homes sold across each ZIP code varied.

ZIP code 78626 saw nine more homes sold year over year, while ZIP code 78628 and 78633 saw two and seven home declines, respectively.

The majority of all homes sold—137 of them across all three ZIP codes—sold for between $300,000-$499,999. However, homes sold at each of the following price points.

By the numbers

The median price of homes sold declined in two of Georgetown's three area ZIP codes, while ZIP code 78633…

57 Views, 0 Comments

"Homebuyers are gaining leverage — but the minimum income to buy is surging"

Austin Business Journal writes, "Americans now need to earn $114,000 per year to afford a median priced home.

That's an increase of 70.1% above the $67,000 required to afford that same mid-range home in 2019, according to data from Realtor.com. It's an increase driven by sky-high appreciation, persistent supply constraints and stubbornly high interest rates, among other factors — and the dynamic continues to weigh heavily on the housing market, even as buyers gain leverage.

The data looked at median home prices each April for the past six years.

“Even with today’s affordability hurdles, meaningful changes in the market could give buyers a better shot at finding a home,” said Danielle Hale, chief economist at Realtor.com. “The number of homes…

49 Views, 0 Comments

"Analysis quantifies impact on rents when apartment supply increases"

Austin Business Journal shares, "Apartment rents typically drop when new units are added to a market's housing supply, but a new analysis quantifies by how much.

The study by the Pew Charitable Trusts on rent changes in major U.S. cities from 2017 to 2024 determined that for every 10% increase in a ZIP code’s housing supply, rent growth was 1.4% less compared to a ZIP code that had no additional housing supply. The Pew analysis also found that a 10% increase in a market's housing supply correlated to rents growing 5% less from 2017 to 2024.

In Austin, which has undergone an apartment building boom in recent years, the biggest rent declines were for older and lower-quality units, the study found.

Alex Horowitz, project director of housing…

229 Views, 0 Comments

"The National Observer: Real Estate: National housing market continues shift to buyers"

Austin Business Journal writes, "The housing market has seen a decent amount of shifting this year amid broader economic uncertainty and an uptick in inventory.

While new listings and home construction are welcome news in a market that's been starved of inventory for years, there are still a lot of challenges for both buyers and sellers.

The national median profit margin on home sales fell to 50% in the first quarter of this year — down 3.2 percentage points from the fourth quarter of 2024 and down 4.8 points from the first quarter of 2024, reports The Business Journals' Joanne Drilling. It's also down from 64% in 2022.

As I get into in today's lead story, the changing housing market has had some sellers rethink how much they list their homes…

140 Views, 0 Comments

"Austin Home Prices Down in June"

Realtor.com reports, "In June, home prices fell substantially from the month before, with a median listing price of $617,500.

The number of listings on the market grew 5.0%, which is a smaller increase than normal for this time of the year in Austin, and homes are also selling slower than at the same time last year.

Home prices in Austin

Typically, home price per square foot in Austin tend to rise in June. But the most recent data shows that the price per square foot decreased by 3.3% compared with the month before.

So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.4%, which means price changes in the Live Music Capital of the World are lagging behind the national market.

Austin…

78 Views, 0 Comments

"Austin homebuyers gaining negotiating power"

Austin Business Journal writes, "Homebuyers in the Austin area are gaining the advantage as competition heats up among sellers.

The metro's housing inventory continues to hover around the six-month mark and new listings have increased 43.6% year-over-year to 17,662 active home listings, according to Unlock MLS’s latest market report. However, the median sale price of a home in Austin in June was flat at $450,000 compared to the same time last year.

“We’re not 100% in a buyer’s market, but we’re pretty close,” said Brandy Wuensch, 2025 Unlock MLS and Austin Board of Realtors president. “Buyers definitely have more power to negotiate and get a lot more favorable terms from sellers in terms of closing costs.”

Sellers are having to become more…

105 Views, 0 Comments

"Shopping for a home? Texas city scores largest influx of new listings"

MYSA writes, "In the market for a new home? What better place than right here in Central Texas.

Two Texas cities ranked among the best in the nation for the largest price slashes within their respective housing markets, marking a real estate haven for first-time homebuyers and more experienced house hunters, according to a report from Realtor.com released on Monday, June 23. Both the South and the West led the way in the biggest cost cuts, with Phoenix ranking supreme with 31.3% of its Arizona home listings featuring a price cut.

Coming in second was Tampa with a 29.9% slash in home listing costs, with Denver trailing slightly behind at a 29.4% share of listings featuring reduced prices. In fourth place, Texas made its mark with the capital city,…

181 Views, 0 Comments