Home Renovations
Kimberly Murphree Blog
by Kimberly Murphree
2w ago
Home Renovations Does your home suit your needs? One in four people say they outgrew their home after two years. When life’s circumstances change, whether it is family of work-related, it may be time to make a change in he home as well.     Why We Need to Renovate Family milestones (marriage, newborns, kids growing up) Loved ones move in (aging parents or returning young adults) House functionality (damaged roof, no laundry room, outdated kitchen) Need room for a home office Space crunch (too few bathrooms, not enough storage)   Options to Consider Reconfigure how you curre ..read more
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January 2024 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
1M ago
January data signals optimism in 2024 for Austin area The first market analysis of the year released by Unlock MLS shows an increase in residential homes. Homes sold, up 4.3% to 1,667 closed sales, and an uptick in pending sales, which rose 3.8% to 2,480 listings. The data demonstrates that more options are available for potential homebuyers and sellers are feeling optimistic moving into 2024. Clare Losey, Ph.D., “January marks the fifteenth consecutive month of year-over-year median sales price declines in the Austin Round Rock housing market, empowering more homebuyers to enter our mark ..read more
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The #1 Reason People Move: To Be Closer to Family
Kimberly Murphree Blog
by Kimberly Murphree
1M ago
The #1 Reason People Move: To be Closer to Family   What Gets in the Way of Connecting with Loved Ones? Life gets busy Financial constraints Work or health A vast country with multiple time zones “Let’s wait for the right time.”   Let’s Strengthen Our Ties! Visualize your ideal family outcome Find creative ways to always stay connected Be realistic with your time and resources Don’t procrastinate; brainstorm ways to meet in the middle Let FOMO guide you!   People on the Move! Declining mortgage rates and significant personal milestones create pent-up demand for both buyers ..read more
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December 2023 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
2M ago
2023 CENTRAL TEXAS HOUSING MARKET PERFORMANCE UNDERSCORES NEED FOR IMPROVED HOUSING AFFORDABILITY Home sales accounted for more than $17 billion in economic activity in 2023 AUSTIN, TX — 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 macroecon ..read more
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What’s Ahead for the Housing Market
Kimberly Murphree Blog
by Kimberly Murphree
2M ago
What’s Ahead for the Housing Market When rates start to decline there will be an influx of buyers and sellers. Housing demand will be fueled by the largest generation of potential homebuyers ever – the millennials. U.S. Millennial Population: 72 Million Median age of people moving out of their parents’ house is 26 Median age of first-time buyers: 35             The Impact of Baby Boomers Largest group of all homeowners are 65+ Buyers 57+ are more likely to downsize Baby Boomers are 52% of sellers             Average Homeowner Eq ..read more
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November 2023 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
3M ago
Home Sales in Austin Remain Strong Despite Continued Higher Rates Housing inventory increases while median sales prices drop 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 considerably elevated relative to pre-pandemic levels. 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 Central Texas now have a more abundant selection of home ..read more
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Holiday Season Party Ideas
Kimberly Murphree Blog
by Kimberly Murphree
3M ago
Holiday Season Party Ideas               Host a gathering your family will always remember – a fabulous party featuring a fun theme, curated playlist and plenty of delicious food and drinks. Here are a few creative ideas: Comfort and Joy Potluck – Ask guests to bring their favorite “comfort food” and its recipe card to share. Try to let everyone know what other guests are making ahead of time to prevent duplicate dishes. Play soothing jazz or easy listening music. Invite guests to wear their favorite pajamas or leisure wear.  My Favorite Things ..read more
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October 2023 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
4M ago
ABOR: BUYERS WILLING TO ENTER MARKET  DESPITE HIGHER INTEREST RATES Closed sales increase, median price declines across MSA   AUSTIN, TX — The median home price across the Austin-Round Rock MSA dropped 7.5% to $435,000 in October, according to the Austin Board of REALTORS®. The market experienced an increase in residential homes sold across the MSA, which rose 4.1% to 2,337 total sales demonstrating that buyers are finding value in the market despite higher interest rates. “An increase in sales and a jump in pending sales indicates buyers continue to enter the market and are finding ..read more
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September 2023 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
5M ago
Austin-Round Rock MSA Housing Market Inventory Hits Highest Level in Over Eight Years   Slowing sales indicate affordability constraints for buyers   AUSTIN,TX – In the Austin-Round Rock MSA, housing inventory reached 4.0 months of inventory the highest level in more than eight years, according to the Austin Board of REALTORSⓇ. The market also experienced a drop in closed sales, which decreased by 18.2% year over year to 2,387 sales, and the median close price dipped 4.3% year over year to $452,080, both symptomatic of higher mortgage rates and highlighting the need for sellers to co ..read more
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August 2023 Market Stats
Kimberly Murphree Blog
by Kimberly Murphree
6M ago
INCREASE IN CLOSED SALES INDICATE CONTINUED BUYER CONFIDENCE ACROSS AUSTIN-ROUND ROCK MSA HOUSING MARKET   In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the first increase in closed sales year-over-year since February 2022. The region also experienced an 8.8% month-over-month increase in closed sales. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.o month to 3.8 months of inventory. “Austin’s current housing market allows for potential home buyers to be picky,” Ashley Jackson, 2023 ABoR president, said. “With housing ..read more
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