Austin-Round Rock-San Marcos
November 2024 Central Texas Housing Report
This year has been a remarkable one for my clients! Together, we saved an impressive $80,806 through reduced listing fees and earned buyer rebates. In addition, as part of my #FelipeGivesBack campaign, I donated over $1,750 on behalf of my clients to incredible organizations such as Foster Village, PAWS of Central Texas, and The Dripping Springs Education Fund.
Looking ahead, I currently have one deal in escrow set to close on January 7th. My clients secured this property for nearly $7,000 below the list price, showcasing the opportunities still available in this shifting market. For buyers, 2023 presented unique savings opportunities, particularly for those leveraging the market conditions caused by sellers who purchased at peak prices in 2022. I've had two standout deals this year where my clients achieved significant savings due to motivated sellers.
In terms of the Greater Austin real estate market, here's an overview of the latest trends:
Austin-Round Rock-San Marcos
Bastrop County
Caldwell County
City of Austin
Hays County
Travis County
Williamson County
Austin Rental Data
November 2024 Central Texas Housing Report
Quote:
Clare Knapp, Ph.D., housing economist for Unlock MLS and the Austin Board of REALTORS, noted that November's data reflects continued stability in Austin's housing market.
"November's sales increase is largely tied to the activity we saw in September and October, when mortgage rates inched down to 6.08% and prospective buyers felt encouraged to move towards buying a home. What's really driving behavior in the market is where mortgage rates land. Moving forward, despite higher mortgage rates, sales activity should remain relatively consistent year-over-year."
Kent Redding, 2024 Unlock MLS and ABoR president, highlighted the current momentum in the market, emphasizing both the opportunities for buyers and sellers as the market continues to stabilize heading into the new year.
"With solid pending sales activity and steady inventory levels, Austin's housing market is positioned for a steady close to the year. Buyers who locked in lower rates earlier this fall are now finalizing purchases, while sellers are finding promising opportunities as the market stabilizes with the guidance of REALTORS. Whether you're ready to build equity through homeownership or have your sights set on a specific neighborhood, now is the time to take action and make your move."
This year has been a remarkable one for my clients! Together, we saved an impressive $80,806 through reduced listing fees and earned buyer rebates. In addition, as part of my #FelipeGivesBack campaign, I donated over $1,750 on behalf of my clients to incredible organizations such as Foster Village, PAWS of Central Texas, and The Dripping Springs Education Fund.
Looking ahead, I currently have one deal in escrow set to close on January 7th. My clients secured this property for nearly $7,000 below the list price, showcasing the opportunities still available in this shifting market. For buyers, 2023 presented unique savings opportunities, particularly for those leveraging the market conditions caused by sellers who purchased at peak prices in 2022. I've had two standout deals this year where my clients achieved significant savings due to motivated sellers.
In terms of the Greater Austin real estate market, here's an overview of the latest trends:
- Median Sales Prices: Increased by 2.4% year-over-year (YOY) to $435,000, marking the first rise in prices this year despite high mortgage rates.
- Closed Sales: Dropped 4.6% YOY to 2,130.
- Active Listings: Increased by 5.2% YOY to 10,845.
- Pending Sales: Rose 16.7% YOY to 2,255.
- Months of Inventory: Currently at 4.8 months, down 0.3 months from last month but up 1.1 months YOY, reflecting a more balanced market.
Austin-Round Rock-San Marcos
Bastrop County
Caldwell County
City of Austin
Hays County
Travis County
Williamson County
Austin Rental Data
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