Grossman & Jones Real Estate Blog - real estate

"A growing force is emerging in homebuying. Here's how the market has shifted."

Austin Business Journal writes, "Homebuyers in 2025 have never been older. They've also never been more likely to be single or female.

Those changes have broad repercussions for the housing market, experts say.

According to the National Association of Realtors' 2024 Profile of Home Buyers and Sellers, 73% of homebuyers in 1973 were married couples, 11% were single women, and 10% were single men. By 2024, the percentage of married couples had shrunk to 62%, and the number of single men had slipped to 8%, while the percentage of single women had jumped to 20%.

“We’ve seen this demographic shift due to women attaining higher education levels leading to senior positions and greater financial independence," said Veronica Crego-Flores, managing…

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"By the numbers: Home prices cool, rental rates dip in Austin"

ATX Today writes, "Curious about the Austin housing market? Whether you’re buying, selling, or renting, February’s data reveals key trends to know.

A new Unlock MLS report shows home prices are cooling while rental costs are lowering slightly. The report compares data from February 2024 to February 2025, covering single-family homes, condos, and townhomes.

Take a look at the numbers shaping Austin’s real estate landscape."

Sales

• The median sales price dropped to $430,000 — a 3.9% decrease.
• Active listings jumped 16.7% to 10,235.
• 3,826 new listings hit the market — a 6.5% spike.
• The total sales dollar volume fell 4.9% to $1.05 billion.

Leases

• The median rent dipped 2.4% to $2,195.
• Active leases rose 3.5% to 3,899,…

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"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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"New monthly data shows closed leases are up, median rents down across Austin metro"

Community Impact Austin writes, "Leasers in the Austin-Round Rock-San Marcos Metropolitan Statistical Area now have access to some additional insight into the MSA's residential rental market.

Austin Board of Realtors officials announced Feb. 13 that it would begin tracking leasing data across the MSA through Unlock MLS’ monthly Central Texas Housing Report, which already includes home sales data.

Explained

Unlock MLS houses ABoR's Multiple Listing Service, or the platform that Realtors use to share information about homes on the market.

The expansion to include leases gives a more transparent and robust picture of the region’s real estate market, said Brandy Wuensch, 2025 Unlock MLS and ABoR president, in a news release.

“With the increased leasing…

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"John Goff's Crescent Real Estate to build luxury development in Horseshoe Bay"

Austin Business Journal shares, "A major real estate development and management firm that once owned The Woodlands outside of Houston has broken ground on a new luxury housing development in Horseshoe Bay west of Austin.

Fort Worth-based Crescent Real Estate LLC already has lots available for purchase in the 114-acre project in the Summit Rock neighborhood of Horseshoe Bay, according to an announcement.

“We look for high-quality developments where we can develop product that fits market demand,” Crescent Chairman John Goff said following the March 4 groundbreaking. “When we look at Texas, it’s just on fire. We have a lot of in-migration because we’re a business-friendly state, and there is a clear need to offer high-end resort product in the…

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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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"Austin-area housing market poised for another stable year, experts say"

Austin American-Statesman writes, "Steady as she goes.

That about sums up the 2025 outlook by real estate experts for the housing market in the Austin metro area, a five-county region stretching from Georgetown to San Marcos.

Peering into their crystal balls, several leading experts who have tracked the ups and downs of the Central Texas real estate market for years, even decades, foresee stable conditions this year. They predict the 2025 housing landscape could mirror last year's, as more normal trends continue in the wake of the COVID-19 pandemic era buying frenzy, when multiple offers, often well above asking price, were common.

Those expected trends include home prices remaining relatively flat; a steady supply of housing; predictable…

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"Booming Austin neighbor among top 20 suburbs for Americans on the move"

CultureMap Austin shares, "A new list on the most desirable suburbs in America puts one buzzy Austin-area city in the top 20: According to a recent growth report by moving services website moveBuddha, Georgetown comes in at No. 18 on the list of American suburbs that everyone wants to move to.

The survey ranks the suburbs that are the most in-demand in the most populous U.S. metros for 2025.

It ranks cities by two criteria: recent mover search data from January 2024 to February 2025 which reflectsmoves planned for the current year; and the most recent Zillow Home Value Index data for home averages in each of the 50 biggest metros.

Georgetown had a "move in-to-out ratio" of 1.46, meaning there are 146 searches for moves in for every 100…

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"More listings add much-needed housing inventory, but some homes are sitting on the market longer"

Austin Business Journal writes, "The first few weeks of 2025 have brought an uptick in home listings, but whether housing inventory currently on the market is priced to sell remains to be seen.

New for-sale listings rose 7.9% in the four-week period ending Feb. 2 compared to the same timeframe a year earlier, according to data from Redfin Corp. (Nasdaq: RDFN). Despite the increased inventory, pending sales were still down 8.1% year over year.

Some of the pending sales slowdown could be seasonal or related to economic uncertainty, but mortgage rates and high home prices — including among newly listed inventory — are also keeping many would-be buyers sidelined.

Inventory is beginning to accumulate, and some homes are taking longer to sell, largely…

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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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