DIRECT:    


 Welcome to the MikeFreemanProperties.com Blog

2016-12-15 09:27:27
Texas Real Estate Market Update 2016

In 2015, the Texas real estate market recorded record-breaking home sales – will 2016 present another record-breaking year for the Texas real estate market? Despite an increase in the median price of homes across the state, it looks as if Texas homes sales are on pace to match or maybe even break the record-breaking numbers seen in the previous year.

Why does the Texas real estate market so hot right now? According to Livability, Texas was the biggest population winner in 2015, adding more residents, 490,000, than any other state in the U.S. Also, four of Texas’ largest metros added more than 412,000 people (more than any other state-level total). With an increase of people moving to Texas, it is no wonder the state’s real estate markets are experiencing record-breaking numbers year after year.

In its third quarter of 2016, the Texas Quarterly Housing Report found that 91,248 homes sold in the state of Texas. This figure is a 0.2 percent increase from 2015. Texas homes are flying off the market despite an increase in the median home price across the state – in the third quarter, the median home price grew by 7 percent (to $214,000), which was a slight dip from the second quarter where the median home price hit $215,0000.

Numbers by Texas’ four largest cities:

  • San Antonio
    • Median home value – increased by seven percent ($206,000)
    • Number of home sales – increased by seven percent
  • Austin-Round Rock
    • Median home value – increased by almost eight percent ($279,000 – highest in the state)
    • Number of home sales – decreased by nearly one percent
  • Houston
    • Median home value – increased by 4.7 percent ($225,000)
    • Number of home sales – declined by one percent
  • Dallas-Fort Worth
    • Median home value – increased 9.4 percent ($235,000)
    • Number of home sales – home sales remained flat

What does the real estate market look like in the Austin-Round Rock MSA? According statistics provided by the Austin Board of Realtors®, single-family home sales fell across the Austin-Round Rock MSA in October 2016. The Austin-Round Rock MSA recorded 2,219 home sales, which is a 3.1 percent decline from October of the previous year. Also, the median home price rose 9.3 percent from October 2015 to $279,000. Take a look at the numbers, for both Williamson County and the Austin-Area, here

Are you considering moving to the Austin-Round Rock area? I am happy to answer any questions you may have about the real estate market. Give me a call anytime.

 

Resources:

https://www.realtyaustin.com/austin-market-statistics.php

https://austin.culturemap.com/news/real-estate/12-02-16-texas-real-estate-market-annual-report-2016/

https://austin.culturemap.com/news/real-estate/11-07-16-texas-quarterly-real-estate-report-fall-2016/

https://www.texasrealestate.com/advice-for-texas-realtors/article/texas-home-sales-continue-to-beat-records

 

 
Blog Archive
2019-04-10 15:04:29
Relish the Springtime Weather and Gorgeous Bluebonnets at these Austin-area Patches

2019-03-26 15:31:03
4 Tips for Spring Yard Prep in Central Texas

2019-03-20 08:41:50
Know Before You Go! Mortgage Prep & Home Affordability

2019-03-20 08:01:37
Meet The Ruby Hotel in Downtown Round Rock

2019-02-28 16:22:06
America’s Largest Indoor Waterpark Opening in Round Rock in 2020

2019-02-28 16:17:32
Cedar Park Development Led by Award-Winning Mueller Team

2019-02-25 14:27:58
Kid-friendly Staycations in Austin - just in time for Spring Break!

2019-02-01 05:40:16
Round Rock’s Forest Creek Golf Course named No. 8 most improved by Golf Advisor

2019-02-01 05:16:55
City Council Approves First Step to a New 1,200 Home Development in Northeast Round Rock

2019-01-30 12:50:52
Dog-Friendly Places in Williamson County, TX

2019-01-30 10:33:21
Did you buy a home in 2018? Here's everything you need to know about filing your Homestead Exemption in Texas!

2019-01-07 07:37:34
Buyer Tips for House Hunting in 2019

2018-12-21 07:03:09
Selling in the Winter Months? Here’s How to Maximize Your Home Sale Chances

2018-12-20 12:28:07
Williamson County Vote to Review Property Tax Exemption Policy for Residents Over 65 and the Disabled

2018-11-30 09:11:28
Selling Your Home in the Winter May Not Be So Bad

2018-11-28 13:05:06
Austin-Area Home Sales and Sales Dollar Volume Set October Record

2018-11-28 09:55:00
Smoke Alarms Save Lives -- Tips for Setting Up and Using Smoke Alarms

2018-11-26 12:07:14
Holiday Fun in Austin, TX

2018-11-06 09:58:45
Staging Tips and How to Stage on a Budget

2018-10-31 11:22:08
Should I Stage My Home Before Selling?

2018-10-31 09:49:08
What is a Multi-Gen or NextGen® Home?

2018-10-19 13:34:03
What is an In-Law Suite? Simple: It is a Smart Feature with Endless Possibility

2018-09-26 10:05:37
Proposed Cedar Park Mixed-Use Development Indigo Ridge South Could Bring Businesses and Housing for Thousands

2018-09-25 14:04:51
American Planning Association Names Historic Downtown Georgetown, TX as a 2018 Great Neighborhood

2018-09-24 14:11:13
Moving Checklist

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.