austin housing market

Sage Wilson Property Group - Living in the City vs. Living in the Suburbs_ Where Should You Live_ - Best Austin Real Estate Broker - Austin Homes - Austin Real Estate - Austin Realtors - Move to Austin

Living in the City vs. Living in the Suburbs: Where Should You Live?

Austin is a unique city that poses a good problem for its residents -- choosing where to live! The city itself is vibrant and eclectic, but with so many booming suburbs with varying commute times into the city, it can be hard to narrow down where you want to live. If you find yourself debating where you should live, check out some of the important factors to consider when living in the city vs. living in...

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Sage Wilson Property Group - How to Win in Multiple Offer Situations Without Paying the Highest Price - Multiple Offer - Austin Homes - Austin Real Estate - Austin Real Estate Tips - Austin Home Buyers

How to Win in Multiple Offer Situations Without Paying the Highest Price

In real estate, it’s often you’ll hear things like, “it’s a hot market,” “we’re seeing low inventory,” and “buyers are receiving multiple offers,” but what does that mean? Well, low inventory refers to the number of homes on the market, which can create a hot seller’s market if there are more buyers than sellers. This hot seller’s market makes buyers more competitive, and the...

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Sage Wilson Property Group - The Ultimate Austinite Bucket List - Best Austin Real Estate Broker - Best Austin Realtors - Austin Homes - Austin Real Estate

The Ultimate Austinite Bucket List

There’s always a right of passage that happens before you can claim to be a true resident of the city. Below is the ultimate Austinite bucket list to complete as a resident of the Music Capital of the World. Take a stroll on Congress Avenue to see the different shops and restaurants.Take a hike at McKinney Falls.Go tubing/floating on the Guadalupe River in New Braunfels.Enjoy the refreshing springs...

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Despite seeing a decline in the number of single-family homes on the market, the median price of homes is at an all-time high, according to the May market statistics report released by the Austin Board of Realtors. The new record median price comes in at $407,400, yet the May 2019 Central Texas Housing Market report shows declines for both new and active listings in the city of Austin. There was also a 3.4% drop in home sales in Austin, but the surrounding areas saw immense growth. A lot of this comes from a lack of supply in affordable housing options for first-time homebuyers with specific wants and needs. Since they can’t find property that has everything they’re looking for in Austin, they’re setting their sights on properties in the suburbs of the city. Let’s take a closer look at some of the communities that are close to our hearts and what the current market standings mean for them. Austin-Round Rock Metropolitan Statistical Area In the Austin-Round Rock MSA, single-family home sales increased 6.2% from May 2018 to May 2019 to a total of 3,452 home sales. Sales dollar volume experienced a double-digit percent increase of 14.8% to $1,468,980,773 — the highest volume to date. The median price for single-family homes rose 4.2% to $335,095. However, during the same period, new listings slightly decreased 1.3% to 4,356 listings and active listings decreased 0.6% to 6,781 listings. Pending sales increased 8% to 3,504 pending sales. Monthly housing inventory declined to 2.6 months of inventory. City of Austin Single-family home sales decreased by 3.4% in May to 1,010 sales in the city of Austin. However, sales dollar volume increased by 7.1% to $512,126,547, illustrating higher price points and a tightening market. The median price for single-family homes rose 5.8% year over year to $407,400. During the same period, new listings decreased 3.6% to 1,263 listings; active listings decreased 11.3% to 1,349 listings, but pending sales increased 3.3% to 1,009 pending sales. Travis County In Travis County, single-family home sales increased by 2.9% to 1,682 sales in May. During the same period, sales dollar volume spiked 16.5% to $884,454,751. The median price of single-family homes increased by 8.1% to $400,000. New listings decreased 4.7% to 2,126 listings and active listings decreased 7.3% to 2,977 listings, as pending sales increased 3.6% to 1,713 pending sales. Monthly housing inventory dropped 0.2 months to 2.3 months of inventory. If you’re considering buying or selling a home, but aren’t sure what these statistics mean for you, we’re happy to help. The friendly team at Sage Wilson Property Group can analyze the market and give you an easily digestible report on what the best options are for you and your family. Give us a call today!

Austin Real Estate Market Update

Despite seeing a decline in the number of single-family homes on the market, the median price of homes is at an all-time high, according to the May market statistics report released by the Austin Board of Realtors. The new record median price comes in at $407,400, yet the May 2019 Central Texas Housing Market report shows declines for both new and active listings in the city of Austin. There was also a...

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