Median home prices in the metro climbed in April, up 19.6% compared to one year ago to a record $550,000, per the latest report from the Austin Board of Realtors.
In the Austin metro area, residential home sales declined 6.2% year-over-year to 3,280 closed sales. Within city limits, home sales dipped for the second month in a row, but were just 216 homes shy of breaking last year's record.
Housing inventory increased year over year, the biggest gain since the summer of 2017. That doesn't mean it's much easier to buy a home in Austin. The median home price within the city limits rose 16.3%, setting a record of $640,000. About 25% of all Austin home and condo purchases in the last 12 months or so have been all-cash, a high hurdle for most homebuyers. The area has "far from a healthy number of homes" for sale, according to Austin Board of Realtors president Cord Shiflet.It's the ceaselessly competitive market on the influx of tech talent and other workers relocating to Austin.The area continues to really be influenced by companies targeting the Austin area for job creation and expansion, and that relocating workforce needs a place to live of course.
There are 3 zip codes within Round Rock, TX; within these zip codes, the median estimated home value for homes in foreclosure ranges from $943,400 in 78664 to the lowest value of $355,007 in 78664. Foreclosure homes account for 0.04% of properties in Round Rock, TX with 78665 containing 7 foreclosures, the highest number of foreclosure properties in a single zip code.
San Antonio – July 11, 2012 – San Antonio home shoppers went on a buying spree in June, sending sales volume and pricing up accounting for the highest sales, average and median price in four years. Average and median prices broke records while volume of sales reached the highest level since June 2008. Sales of single-family homes increased 4 percent compared to the same month last year according to the June 2012 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR).
"Both buyers and sellers are reaping the benefits of an extremely healthy and robust real estate climate in San Antonio, driven largely by continued job gains that have been responsible for drawing many new consumers to this market," said Liza Reyes, Chairman of the Board. "Buyers are able to take advantage of the lowest interest rates in history as they shop for homes, and we're also hearing accounts of sellers receiving the asking price for their homes and even multiple offers."
Strong sales activity among homes from $200,000 and up pushed average and median pricing. The June single-family home median price —the figure at which half of the homes sold for more and half sold for less —rose 8 percent year-over-year to $168,800, the highest level since 2007 in San Antonio. The average price rose 9 percent to $209,820, the highest since 2007.
The number of available properties, or active listings, at the end of June declined nearly 15 percent from June 2011. The inventory of single-family homes dipped to 6.9 months compared to 8.3 months one year earlier. That means that it would take nearly 7 months to sell all the single-family homes on the market based on sales activity over the past year. The figure is aligned with the national inventory of single-family homes of 6.6 months reported by the National Association of REALTORS® (NAR).
"We credit the strength of the housing market to San Antonio’s continued job growth, affordability and low interest rates" SABOR President and CEO Angela Shields said.
The San Antonio Board of REALTORS