The Austin Board of Realtors say that median home sale prices have risen by 13 per cent year-over-year and the average price has risen 14 per cent. Since the two measures are close in number, in essence it means individual houses are becoming more expensive to buy. It’s only when Read more…
I didn’t particularly want to find out where Hobbit actor Elijah Wood lives in Austin, but it seems that new Multiple Listing Service tools make it particularly easy. A well known local brokerage has just unveiled its “Austin Home Sales Price” portion of its website, and I found it only Read more…
I was chatting to an agent a few days back who was convinced that the extreme sellers’ market in Austin was coming to an end. Is it true? Do we have inventory piling up? Her claim was that we were seeing price reductions throughout the central part of the city Read more…
I read an article a few weeks back in the Wall Street Journal about selling real estate as a career, and one thing that stuck out to me was the quote from the senior vice president of a large real estate brokerage, Laura Ellis: “We do not see the part-time Read more…
If you’re in two minds whether to buy a single or multiple story home here in Austin, you might want to consider some interesting statistics that I unearthed while I was researching home sales in the Multiple Listing System (MLS) for a client yesterday. They had asked – what sells Read more…
Most active real estate brokerages have current war stories about buyers being in bidding wars in this sellers’ market, and multiple offer situations. It’s been the case in some of my areas for over a year now, so hopefully the mass media has picked up on this and the penny Read more…