Luxe Austin Homes - sellers

"AISD real estate could be up for grabs as district evaluates closing some campuses"

Austin Business Journal reports, "The Austin Independent School District plans to consolidate operations amid a tough financial outlook and could either sell or lease up to 13 school sites that it's considering closing.

The district published a proposed consolidation plan Oct. 3 in which 13 schools would be closed and most of the district’s attendance boundaries would be altered. The proposal is aimed at addressing anticipated enrollment declines and financial challenges, with the AISD’s approved 2025-26 budget projecting a $19.7 million deficit and the potential consolidation forecast to save more than $25 million. 

“To protect the quality of education in Austin ISD, we must reassess where our limited resources are spent,” Superintendent Matias…

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"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…

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"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. 

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"Mortgage Costs Weigh On Buyers as Fed Signals Rate Cut: What It Means for Housing"

Realtor.com writes, "Federal Reserve Chair Jerome Powell suggested at the central bank's Jackson Hole Symposium on Friday that policy shifts may be coming, reinforcing expectations that rate cuts could arrive as early as September. 

His remarks highlighted the balancing act between curbing inflation and supporting employment, a dynamic that has far-reaching effects on consumer borrowing costs.

For the housing market, those costs remain a critical pressure point. Despite recent income gains, higher mortgage rates have slashed buyer purchasing power, reshaped demand, and left builders navigating an uneven recovery. 

Even though mortgage rates are still a headwind, existing-home sales rose in July, getting just past a 4 million sales pace. Home…

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"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…

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"Home sales in the Austin metro could heat up this fall"

Austin Business Journal shares, "While home sales in the Austin metro continued to slow in July, pending sales ticked up — potentially suggesting stronger sales activity heading into the fall.

That’s according to the latest market data from Unlock MLS, which found that the metro recorded 2,492 home sales last month, down from 2,823 in June and from about 2,700 home sales in July 2024. On the flip side, pending sales clocked in at 2,829 last month, up from 2,706 in June and about 2,440 in July 2024.

As sales have slowed, home prices have dropped. The median sales price in the metro fell from $449,000 in June to $435,000 in July.

“It’s typical for the summer market to slow as people focus on travel and leisure; we often see activity pick back…

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"The House You’re Negotiating on Is ‘Accepting Backup Offers’—Now What?"

Realtor.com writes,"You found the house, made an offer, and got the good news: The seller accepted. But when you check the listing a few days later, you notice it’s still marked as “accepting backup offers.” What does that mean—and should you be concerned?

In today’s competitive housing market, it’s not unusual for sellers to hedge their bets, especially during the early stages of a deal.

Here’s what to know if the home you’re trying to buy is still technically on the market.

What it means when your offer is accepted—but the listing is still open

An accepted offer is an important step, but it doesn’t guarantee that the sale will close. Between acceptance and closing, there’s a window—known as the contingency period—where several things can…

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"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…

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"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…

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"Central Texas home inspectors provide insight on the inspection process"

Community Impact writes, "President Kyle Nunnallee of Nunnallee Inspections and owner Casey Callais of Constructiva Inspections shared with Community Impact what homeowners should know about home inspections.

Established in 2003, Nunnallee Inspections has served the Central Texas area for over two decades, offering home buyer and seller inspections alongside new build and commercial inspections.

Callais launched Constructiva Inspections around four years ago, offering nearly 30 years of construction industry experience. Constructiva specializes in inspections on newly constructed homes but also offers inspections for resale homes, commercial properties and more.

Both companies offer services to the Central Texas area.

Why would someone need a home…

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