Market Statistics

Found 16 blog entries about Market Statistics.

According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, the Austin housing market experienced its highest-performing month to date in terms of home sales.

July 2013 Statistics
3,135 – Single-family homes sold, 35 percent more than July 2012.
$228,250 – Median price for single-family homes, eight percent more than July 2012.
41 – Average number of days single-family homes spent on the market, 23 days fewer than July 2012.
3,523 – New single-family home listings on the market, 22 percent more than July 2012.
6,104 – Active single-family home listings on the market, 20 percent fewer than July 2012.
2,773 – Pending sales for single-family homes, 20 percent more than July 2012.
2.8 – Months of inventory* of

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A report recently released by Allied Van Lines found that Texas passed all of the other states in the country when it came to net relocation gains last year. As such, 2010 represents the sixth year in a row that the Lone Star State has been at the top of the list.

According to the data collected by Allied Van Lines, Texas experienced a net total of 1,640 moves between January and November 2010. This figure is derived by calculating the number of people moving into the state and then subtracting the number of people who move out of the state with Allied Van Lines’ services.

Although these figures do represent a drop when compared to 2009, at which time Texas has 2,000 net moves, the state still had a significantly larger net number of moves than its

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A recent survey conducted by Relocation.com found that a growing number of Americans are deciding to make the move to Texas. In fact, Texas knocked California out of the top position in terms of the most popular places for Americans to move to. In all, the Website found that the number of people who were interested in moving to Texas jumped by 50 percent when comparing the results of the survey taken in February 2011 to June 2010.

In order to come to these conclusions, Relocation.com surveyed a total of 1,000 people as part of an ongoing survey process that started in March 2009. According to officials from the Website, there are several reasons why Texas has become a popular option for Americans who are interested in moving. The two biggest reasons,

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While housing markets around the country took a significant hit as the country struggled through economic troubles, the Austin real estate market has fared much better. Although the Austin housing market did take a dip in sales and in housing prices, the fall has not been as drastic as with most markets throughout the country. In addition, just as economic experts predicted, the Austin housing market has started to rebound before other housing markets around the country.

According to the Austin Board of Realtors, multiple listing service data indicated that home sales increased while also spending less time on the market during the month of February. In fact, a total of 1,145 homes sold within the Austin market, representing a 4% increase when compared to…
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 A recent report released by RealtyTrac Inc, which is a foreclosure seller based in Irvine, California, has found that the national foreclosure rate has gone down by 8% in November when compared to the previous month. On the other hand, the housing market still has a long way to go before it can be considered recovered, as the foreclosure rate is still a disheartening 18% higher than it was just one year ago.

According to the report, which was released in November of 2009, there have been 306,627 foreclosure filings this year. This includes scheduled foreclosure auctions as well as bank repossessions and default notices. More specifically:

•    Default notices were down 8% when compared to the previous month, but up 22% when compared to November of 2008

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News just in from the Texas Real Estate Center – A total of 19,347 existing single-family homes were sold in Texas last month, a 15 percent increase from October 2008, according to MLS data compiled by the Real Estate Center at Texas A&M University.

The median price rose 1 percent to $143,300 during the same period, and the state finished the month with a 6.9-month inventory of existing homes.

Here is how select Texas cities fared in October (data current as of Nov. 24, 2009):

  Sales

Change from
Last Year

Median
Price
Change from
Last Year
Months'
Inventory
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Although Austin has been ranked by Forbes.com as the city that is most likely to experience the fastest economic turnaround, it doesn't mean the city is quite ready to proclaim that all is well. In fact, home sales still remain down year-over-year, but they are showing improvement when compared to earlier this year.

According to the Austin Board of Realtors, a little more than 1,700 homes were sold in May 2009, which is down by 19% when compared to May of 2008. In addition, the median price for single-family homes declined by 1% when compared to one year ago, resulting in a median price of $193,000. At the same time, there are signs that sales and prices are picking up when compared to the beginning of the year. In terms of volume, the number of homes…
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Everyone knows that the housing market has been on the decline throughout the entire country, but according to research conducted by Metrostudy, the decline is not as rampant in the Austin area as it is in other parts of the country.  In fact, when looking at the number of housing starts in the area, Austin is doing much better than other metro areas.

According to a report released by Metrostudy, Austin has actually experienced the smallest decline out of the 81 markets that were studied.  Still, the Houston-based research group does acknowledge that the Austin area experienced a 66% decrease in housing starts when figures for the end of 2008 were compared to the area’s peak third quarter in 2006.

“South Florida’s quarterly starts declined 96.5% from…
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The current economic conditions have resulted in an increase in foreclosures around the country, but new data released by the Foreclosure Listing Service Inc. located in Addison has shown that the foreclosure on higher-end homes have seen the largest gain in Bastrop, Hays, Travis and Williamson counties.

Although foreclosures on homes valued at less than $200,000 are still responsible for the bulk of foreclosures within the Austin metro area - with 71% of foreclosed upon homes fitting within this price range - the number of higher end homes that have gone into foreclosure has more than doubled in the first quarter this year.

"Over the last year, the largest gain in first quarter postings was a 219 percent surge in notices filed on luxury homes valued at…
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According to Residential Strategies, Inc., new home starts continued to plunge within the Austin area during the first quarter of 2009.  In all, the number of new home starts was only 1,215 during the first quarter this year, representing a 47% decrease when compared to the same quarter last year.  This also drops the annual start rate to just 7,938, which is a far cry from the 17,128 annual starts seen in Austin during its third quarter peak in 2006.  Closings in the first quarter were also down when compared to the first quarter of last year, with the total number falling to 2,145 units and representing a 31% decline.

"While many may see the lower start rate as a negative situation in Austin, it should be pointed out that builders entered 2009 with…
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