Housing Wire
NOVEMBER 18, 2022
months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. “In In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”. ”
Eppraisal
MARCH 18, 2022
According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." " In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead."
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Listing Spark
MARCH 9, 2023
Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.
Listing Spark
SEPTEMBER 30, 2020
Will it happen Q1 or Q2 of 2021? Austin: Median Sales Price: $355,000, Up 11% Closed Sales: 4,019, Up 12% New Listing: 3,862 only Up 1% Active Listings: 4,257 Down 44% (Wow!) Closed Sales: 9,195, Up 6% 3 Consecutive months of positive sales Average List Price: $345,742, Up 7.7% New Listings: 11,474, Down 6.1%
Eppraisal
OCTOBER 2, 2021
The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales.
Listing Spark
OCTOBER 13, 2022
The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. “In If you’re an Austin home buyer, there is a lot of good news.
Listing Spark
JANUARY 12, 2023
Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Listing Agents: Be careful when selecting listing agents who only charge 1% commission.
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