Stacked area line graph of City of Austin residential real estate market statistics showing monthly closed sale, active sale, active listing, and new listing counts from January 2019 through September 2020.

September Reveals That COVID Delayed Home Sales

Several local publications recently reported on September’s leap in year-over-year real estate stats. Our report explains why this September is so different from last year.

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Julianna Scruggs October 30, 2020
Bouldin Avg Year Built

Bouldin Bits #1 – Every House in Bouldin will be Gone in 20 Years

In 1999, the average build-year of homes sold in Bouldin was 1944. Since then, the average build-year of homes sold generally increased by two years annually. If this trend maintains, in 20 years, the average home sold will be 40 years newer than it is today.

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Aaron Scruggs October 16, 2020

Residential Market Cools Off in August

Average home sale price rose another 2% in August, causing year-to-date sales volume to surpass that of August 2019 by almost $162MM.

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Julianna Scruggs September 25, 2020
City of Austin census area stat comparison of June 2020 to July 2020.

Average Home Price Grows 7% in July

Low inventory in July drove a 7% average increase in housing prices. We’ll likely see higher inventory and even higher prices in August. COVID-19 is exacerbating Austin’s housing affordability crisis. Learn more about how you can handle this as a current or future homeowner.

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Julianna Scruggs August 28, 2020

How to Sell Your House During a Pandemic

Austin is in one of the most extreme seller’s markets the city has ever seen. Due to the unusual circumstances surrounding Covid-19, a lot of people are hesitant to sell their homes right now. Fortunately, this creates an excellent time for sellers to sell their house, not only quickly, but often above the asking price.

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Aaron Scruggs August 20, 2020
City of Austin census area stat comparison of May 2020 to June 2020.

July 2020 Market Report

June saw a major recovery with over $588MM total sales volume, just -2.5% YoY. Look for continued recovery in July, as pending sales were up 15% YoY in June. There was a jump in existing single-family home prices while prices of all other types of homes went down.

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Julianna Scruggs July 25, 2020