Found 26 blog entries tagged as sold.

The spring housing market is off to a sluggish start, with economic uncertainty casting a shadow over traditionally busy homebuying months.

Austin Business Journal writes, "Like much else about the U.S. economy, tariffs and broader uncertainty are weighing on home sales amid the industry's crucial spring season.

In March, more than 375,000 homes were newly listed on the market — an increase of nearly 9% compared to the same time last year, according to Zillow Group Inc. (Nasdaq: ZG) research. But newly pending sales were flat compared to last year, despite slightly lower average mortgage rates in March 2025 compared to a year ago.

That's despite several aspects of the market — including price cuts hitting their highest point in at least seven years — shifting to favor buyers.

Inventory rose to 1.15 million homes in March, an increase of 19% from last year and the most inventory…

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Aerial drone views at sunrise of a brand new neighborhood in Georgetown. ROSCHETZKYISTOCKPHOTO VIA GETTY IMAGES

Austin Business Journal shares, "Neighborhoods on the shores of Lake Travis, in Round Rock and in Driftwood are among the hottest housing markets in the Austin area.

That's according to The Business Journals' inaugural hottest housing markets ranking, which is based on third-quarter listing and sales data from Intercontinental Exchange Inc.

The ranking is intended to emphasize sales and pricing momentum in individual ZIP codes, using a weighted formula that includes quarterly and year-over-year comparisons. Only ZIP codes with complete data were included in the analysis. You can read more about the methodology at the bottom of this story.

Using those criteria, Austin’s 78726 ZIP code was found to have the most momentum in the metro. Located…

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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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The latest report from Unlock MLS and the Austin Board of Realtors looked into June data and year-to-date data from the first half of 2024. Photo by J King on Unsplash

CultureMap Austin reports, "The latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR) has revealed that June saw a significant increase in the number of active home listings in the Austin metro area — continuing on a three-month high that began in April — and median sale prices are dropping to accommodate the rise in inventory.

New in the June report, Unlock MLS refers to the Central Texas region as the Austin-Round Rock-San Marcos metropolitan statistical area (MSA), whereas it was previously identified as the Austin-Round Rock-Georgetown MSA.

The data shows there was a 13.4 percent drop in home sales across the Austin-Round Rock-San Marcos MSA, with only 2,732 homes sold in June for a median price of $450,000. There…

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The number of homes for sale in the Austin area has reached its highest level in 13 years. Photo by Kurt Harvey on Unsplash

CultureMap Austin writes, "Potential homebuyers on the prowl for a house in the Austin-Round Rock-Georgetown area have a lot more inventory to choose from than usual. Active listings rose to over 12,000 residential properties in May, according to the latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR).

The spike in active listings is a 37.7 percent year-over-year increase from May 2023, the report said, with more than 5,200 new home listings added last month in a 16.3 percent increase from this time last year. Median prices for homes in the Austin-Round Rock-Georgetown MSA dipped to $459,450 in May after they reached nearly $470,000 in April.

This glut of available housing allows buyers a greater level of…

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The U.S. cities with median home values above $1 million in 2024 has skyrocketed since the Covid-19 pandemic. ISTOCK/PICTAC

Austin Business Journal writes, "Nestled amid the palm trees of Jupiter Island, Florida, is a three-bedroom, five-bathroom house with a pool on a half-acre lot.

The 2,798-square-foot house, only steps to the beach and offering ocean views, is currently listed on the market for $5.1 million. As of the time of publication, it's the cheapest house for sale on Jupiter Island, which boasts the highest median home value in America, according to Zillow Group Inc. (Nasdaq: ZG).

The typical home value on Jupiter Island reached $9.98 million in February 2024, according to Zillow, beating out the exclusive neighborhoods of Golden Beach, Florida; Hunts Point, Washington; and Atherton, California.

While certain cities and neighborhoods have always seen…

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The real estate market for the North-Northwest Austin area experienced higher home sales in April year over year, according to data from the Austin Board of Realtors. (Courtesy Austin Board of Realtors)

Community Impact Austin writes, "The real estate market for the North-Northwest Austin area experienced more home sales in April year over year, according to data from the Austin Board of Realtors.

Zooming in

For the first time since January, the 78729 ZIP code saw a positive percentage increase in home sales year over year. Meanwhile, home sales in the 78750 ZIP code have consistently seen at least double-digit percentage growth year over year since February.

The only ZIP code in the area that experienced a percentage decrease in the number of homes sold year over year in April was 78758, although the number of homes still increased month over month, going from 26 in March to 28 in April.

Although growth was nearly unanimous across the…

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Purchases by investors grew 0.5% on a year-over-year basis in Q1, according to a Redfin Corp. analysis. JIM POULIN | PHOENIX BUSINESS JOURNAL

Austin Business Journal writes, "Investors could be launching a bit of a comeback in the U.S. housing market — although the reversal of fortunes comes amid a strategy shift for many investors in the face of low inventory.

Purchases by investors grew 0.5% on a year-over-year basis in Q1, according to analysis by Redfin Corp. (Nasdaq: RDFN). Redfin defines an investor as any buyer whose name includes LLC, Inc., Trust, Corp. or Homes, or any buyer whose ownership code on a purchasing deed includes association, corporate trustee, company, joint venture or corporate trust.

Despite the increase, investors have yet to return to their pandemic-era levels of purchasing frenzy — and they aren't likely to with interest rates remaining elevated, a lack of…

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Denser housing may be on its way to Austin soon. Photo by Micah Carlson on Unsplash

CultureMap Austin writes, "Austin-Round Rock-Georgetown experienced its highest year-over-year increase in home sales this past April, illustrating a growing optimism in the metro area's housing market. That's according to the latest real estate report from Unlock MLS and the Austin Board of Realtor (ABoR).

More than 2,700 homes were sold in April across the Austin-Round Rock-Georgetown MSA, which is a 5.9 percent increase from this time last year. Median prices landed at just under $470,000 in a 1.1 percent increase year-over-year. There were 10,808 active home listings on the market, which is nearly a 32 percent jump from April 2023.

"Despite the higher rate environment, the uptick in affordable inventory in the $300,000 range is allowing more…

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Home prices are increasing even as the supply of homes on the market also is going up.

Austin Business Journal shares, "The median sale price for U.S. homes hit a record $383,725 during the four weeks ending April 21, up more than 5% from a year earlier, according to newly available data from real estate firm Redfin Corp.

The increase comes even as the supply of homes also has gone up, with 10.2% more new listings compared to the same time last year.

The record-high sale price is double what the median price was 10 years ago and up about 50% over the past five years, according to Redfin (Nasdaq: RDFN).

High interest rates have kept mortgage rates above 7%, and there's little indication from the Federal Reserve that interest rates will be measurably declining in the near term. That combination has helped push the median monthly…

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