Texas home sales, home prices, and new construction starts and permits continue to increase despite headwinds from interest rates, according to Texas Housing Insight by the Texas Real Estate Research Center. In the latest report, home sales in Texas increased 3.6 percent month over month, with 29,999 more homes sales. Of Texas’ big cities, San Antonio had the largest increase in home sales with an 11.8 percent increase in February 2024 compared to January 2024. Dallas experienced an 8.7 percent increase. Inventory also increased. Dallas had a surge in new listings of 25.7 percent, while Austin ..read more

AUSTIN, Texas —In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023, leading to multiple markets reaching four months of inventory, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that homeowners have confidence in their ability to sell their homes for good value while buyers now have a larger selection of home options, helping to keep price growth flat. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that the increase in mont ..read more

The number of Texas luxury homes – homes that sold for $1 million or higher – decreased 16 percent from November 2022 to October 2023 compared to the prior year, according to the Texas Association of Realtors®. At about $19.5 billion in total luxury home sales, this is similar to the period from November 2020 to October 2021. Luxury homes were 3.6 percent of total home sales, the same as the period the prior year. This price range of homes equaled 14.3 percent of all home sales volume. Price per square foot also dipped, from $423 last year to $409 this year. This is still more than double the ..read more

AUSTIN, Texas —In February across the Austin-Round Rock-Georgetown MSA, new listings jumped 44.9% to 3,915 listings bringing the total months of inventory for the region to 3 months, up 0.1 months more than February 2023, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that sellers are feeling more favorable about the market, while buyers have a broader range of home options to select from–specifically first-time homebuyers. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that February’s spike in new ..read more

Texas attracted 497,454 potential workers over the past 12 months, according to the Texas Real Estate Research Center’s Outlook for the Texas Economy. This rate continues to “surpass the record-high total labor force according to the household survey.” The unemployment rate fell to 4 percent, the first decrease since April 2023, while the participation rate was high at 64.1 percent. The labor market was fueled by growth in Houston and San Antonio, while Dallas and Austin held steady. Payrolls grew by 19,100 workers, primarily in education/health services and leisure/hospitality, but profession ..read more

AUSTIN, Texas —The first market analysis of the year released by Unlock MLS shows an increase in residential homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings, according to the latest Central Texas Housing Market Report. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024. Clare Losey, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS®, noted that although still elevated, the recent decline in mortgage rates is contributing to lower ho ..read more

Texas home sales were relatively flat to close 2023, with sales decreasing almost one percent month over month in November and prices falling 0.1 percent statewide, according to the Texas Real Estate Research Center’s latest Texas Housing Insight. Days on the market continued to decline to 51 days. In Austin, home sales fell 4.4. percent. San Antonio experienced an 8.9 percent decrease, its second straight decrease. Dallas sales bolstered the state with a 2.3 percent increase. Following its 0.1 percent decrease, Texas median price hit $334,600. About half of Texas home sales were in the $200k ..read more

AUSTIN, Texas —In 2023, the median price for a home in the Austin-Round Rock MSA decreased 10.2% to $450,000, according to the Austin Board of REALTORS® December 2023 and Year-End Central Texas Housing Market Report. When compared to the steep 24.2% decline in pending sales in 2022, 2023 saw a slight 3.0% decline to 30,353 sales emphasizing that the Central Texas housing market continues to find its footing despite macroeconomic factors impacting the broader housing market and economy. “In 2023 the Austin-Round Rock MSA housing market continued its move towards a more sustainable pace,” Kent R ..read more

Housing inventory increases while median sales prices drop AUSTIN, Texas —The median home price across the Austin Round-Rock MSA dropped 8.4% to $424,450 last month, indicating Austin’s housing supply is becoming available at lower price points, but remains considerably elevated relative to pre-pandemic levels according to the Austin Board of REALTORS® November 2023 Central Texas Housing Market Report. While mortgage rates remain elevated, the Central Texas housing market experienced a slight increase in residential homes sold across the MSA, rising 0.2% to 2,065 total sales. “Buyers in Centra ..read more

Two new luxury home communities are underway in the west of Austin areas of Lake Travis and Spicewood. In Lake Travis, the initial 50 homesites in Travis Club have been sold, according to the Austin Business Journal. This luxury home neighborhood will have 274 single-family lots and 223 villa units. Lot prices begin at $775k and are half an acre to about three acres. The 1,000+ acre resort-style development will have an 18-hole golf course, a community club, and 30 miles of hiking and biking trails. The community also will feature 10,000 linear feet of waterfront property. Construction on the ..read more