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Found 6 blog entries tagged as austin texas real estate market.

By the Kent Reddig Group

For the last five years the Austin Texas Real Estate market has been growing non stop and we’ve enjoyed year-over-year growth which has made many people ask the big question: how much more can we grow?

The answer to this question many be coming. In June we saw the first cool down of the real estate market in years. This may be just a “blip” for the 2018 Real Estae market but it does reflect a pattern that occurred in Dallas and other major cities across the United States.

About The Austin Texas Real Estate Market

While sales soared during the first half of 2018, sales of single-family homes declined 2.7 percent year-over-year in the month of June — a first since 2013. 

The Austin-Round Rock area sold 3,299

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By the Kent Redding Group

AUSTIN, TX. – There’s no doubt that the 2018 Real Estate market continues to be one the toughest ever, especially in Austin where inventory remains low and competition among buyers remains high.

Thankfully, even though it may be difficult to buy a home in Austin for some buyers in 2018 it’s not impossible especially if you follow these tips.

Hunt hard

It's not a market for the faint of heart.

The median home price right now is up 7.6 percent from last year and up 15 percent compared to the year before that, according to Zillow. And compared to three years ago? Up nearly 22 percent.

These price hikes, more than higher rates, make the costs prohibitive for some buyers.

And inventory is tight because

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By the Kent Redding Group

AUSTIN, TX. – Searching for information on the Austin Texas real estate market? If so, you’ve come to the right place! In this article we will provide you with in depth statistics for the local real estate market.

Units Sold

The year started off strong for Austin as there were 1,814 units sold (up 2.20% from January 2017) and an average sales price of $351,898.

Days on Market

As of January 2018, the average days on market for a home in Austin is about 78 days. This is up 11.2 days from the same period last year but the median sales price is also up by 5.56% as well so it’s safe to say that the local real estate market remains very strong as we move forward into the new year.

- Source Austin TItle

Months

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By the Kent Redding Group

AUSTIN, TX. – Thanks to the Austin Business Journal we learned this week that the Austin Real Estate Market leads the nation with home price gains.

Since the “Great Recession”, Austin has seen home prices increase by a whopping 63 percent and continues to lead other fast-growing cities including Dallas-Fort-Worth, Houston, San Antonio, Houston and Denver.

To put this into context, the medium home price back in 2006 was $173,510 but in 2016 the median home price was $282,625.

Yes, prices are still very affordable when compared to home prices in California but that may not last long as more people continue to move to Austin every day.

What does this mean for you? If you’ve been thinking about buying an Austin

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By the Kent Redding Group

Are you planning on listing your home on the Austin TX Real Estate market? If so, now is a great time for you to sell your home because demand for properties in Austin is still high and that means you could have multiple offers on your house.

What Should You Do Before Listing Your House?

Before listing your house, there are a variety of things you should do which include the following:

  •          Clean Everything – Yes, it’s true, you should clean the inside and outside of your home because a buyer that’s presented with a dirty home on the Austin TX Real Estate market may wonder what else is wrong with that home.
  •          Don’t Forget Curb Appeal – After your home is clean and in presentable condition you
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By The Kent Redding Group

AUSTIN, TX. – Trump Tax Reform is something that the President has been promising since he was inaugurated in January and he finally delivered his plan last month.

The big question though is if the Trump tax reform plan will either be good or bad for the Real Estate market especially since Real Estate has been one of the biggest things that’s helped the economic recovery continue in the United States.

Analyzing the Trump Tax Reform Plan

Over the last month many economists, the National Association of Realtors® (NAR), and PricewaterhouseCoopers (PwC) have had the opportunity to review the Trump Tax Reform plan and although there was an initial euphoria for lower taxes the reality is beginning to sink in that the

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