Austin area real estate sales are in for December 2018

By
Real Estate Agent with Coldwell Banker United Realtors® ~ 512.750.6899
https://activerain.com/droplet/5h29

The Austin Board of Realtors® just released December of 2018 market stats which showed a decrease in the median price for single family homes in the Austin-Round Rock MSA (metropolitan statistical area) by .8%. Kevin P. Scanlan the 2019 Austin Board of Realtors® stated “2018 was the highest grossing year on record and for the first time ever the median price for single family homes in the Austin-Round Rock MSA stayed above $300,000 for 10 consecutive months.”

Mark Sprague, State Director of Information Capital at Independence Title, commented “Annual sales are still ahead of where we were last year and I don’t think 2019 will be any different. Austin’s strong gross domestic product growth will continue to drive out region’s job growth and need for housing.”

Active listings rose by 2% in December and pending sales were up by 3% with months of inventory still holding steady at 2.3 months.

I think Mark Sprague makes a good point when he says “Last November, we began to see fewer listings on the MLS which is typical of a seasonal slowdown during the holidays. It’s also likely that people are staying in their homes longer to watch their investment increase and to keep their current interest rate.”

Consumers today look stable and have purchasing power especially as we see the debt load consumers carrying have been reduced because they’ve learned from the past. Home ownership is where consumers begin to accumulate wealth. Consumers are making more money and want to purchase a home. Many are looking to new home construction as value for their money. If you are a seller of a resale home you need to travel further to meet the expectations of the buyers. Have you replaced your mechanicals and updated your home?

Even Texas economist Ray Perryman said in the first few days of 2019 “ The Austin-Round Rock metro area remains one of the top performers in the state and continues to attract national attention. Perryman stated “nearly 665,100 new jobs are likely to be added by 2045.” Folks, that’s a lot of new jobs, payrolls and new residents in a 5 - county metro area. 

We need inventory...options are slim and buyers appetite for new listings is insatiable. They want to jump early in 2019 before rate hikes kick in (that depends on several factors) and the typical busy season of spring takes shape.

If you are thinking of selling there is no better time than now!  Reach out to me so we can discuss current market trends in NW Austin and your goals to see if now is a good time to make a move.  I can help position your  home to reach the audience looking to purchase your home. 

Remember hiring the RIGHT NW Austin Realtor® is critical to your home selling success!

 #Austinlistingagent #marketstats #themoreyouknow #homeshomesforsale #austinrealestate

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Topic:
Real Estate Market Trends
Location:
Texas Travis County Austin
Groups:
Texas Real Estate
All Thing's Texas
All Real Estate - Today and Tomorrow
City and State Community & Marketing Reports
2018 Market Reports
Tags:
active rain
statistics
abor
market results
austin board of realtors
austin listing agent
independence title
mark sprague
doried dillard
ray perryman
kevin scanlan

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Rainmaker
3,227,524
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Saturday Dorie and thanks for sharing your Austin with us here in the rain.  Make it a Gready Day!

Jan 26, 2019 07:51 AM #1
Rainmaker
3,393,460
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Dorie---market updates such as yours for the Austin, TX area provides a good overview of trends that can serve as handy reference material for buyers/ sellers. From this starting place you can assist with the details that are important to them.

Jan 26, 2019 07:55 AM #2
Rainmaker
1,968,269
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Dorie - your market reports are alway some complete and informative.  Your gross domestic product will continue to drive.

Jan 26, 2019 08:09 AM #3
Rainmaker
1,029,938
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It looks like the 10 year tail end growth is affecting your area as well. Austin has a tremendous bright future especially being a hub of a high tech center.  Apple here (I am across the Spaceship) have hiring freeze and is not working on autonomous car. Have 1 relative finishing up residency at Dell school to be a baby doctor and one retiring after spending 10 years at McDonald Observastory.   

Jan 26, 2019 08:42 AM #4
Rainmaker
3,283,988
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Grow on Austin...with a sound economy and desire for more housing.,..neweare of thinventory !

Jan 26, 2019 12:55 PM #5
Rainmaker
3,039,869
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Looks like  avery active market Dorie Dillard CRS GRI ABR. I love reading about Austin. 

Jan 26, 2019 04:02 PM #6
Ambassador
4,048,366
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Great information for buyers and sellers, Dorie, and easy to understand. Now buyers and sellers just need to get in touch with you for expert guidance for their buying and selling needs.

Jeff

Jan 26, 2019 09:22 PM #7
Rainmaker
4,797,774
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Dorie.  Thanks for keeping us informed about the real estate market in Austin.

Jan 27, 2019 05:13 AM #8
Rainmaker
2,620,701
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Austin is certainly a desired market and I know it is keeping you quite busy!  I hope that your weekend is going well.

Jan 27, 2019 05:28 AM #9
Ambassador
1,651,056
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If this is a "slowdown" then Austin is in great shape for the future.

Jan 27, 2019 09:13 AM #10
Ambassador
3,401,375
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I am always surprised (and I don't know why!) to read your reports, Dorie - Austin is just so similar to Charlotte's market. 

Another wonderful report and love the graphics too!

Jan 27, 2019 05:05 PM #11
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Rainmaker
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Dorie Dillard CRS GRI ABR

Serving Buyers & Sellers in NW Austin Real Estate
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