<h1>Hero Content</h1>Some more information here.

HeroSimplev3

beds

1 Bedroom

2 Bedroom

3 Bedroom

4 Bedroom

Buy a Home

Sell My Home

cost

Under $50k

$50k-$100k

$100k-$200k

$200k-$300k

$300k-$400k

$400k+

baths

1 Bath

2 Baths

3 Baths

4+ Baths

Rent

Sell

Everyone Deserves the Opportunity of Home

Exceptional Properties. Exceptional Clients.

Analyzing Price Drops and Active Properties The housing market's dynamic behavior is often captured through trends like price reductions and their relationship to active listings. As of the most recent data, the ratio of price drops to active properties stands at 28.2%. This statistic offers critical insights into market competitiveness and seller motivations.The trendline spanning from January 2021 to the present demonstrates considerable fluctuations. Initially, the ratio was significantly lower, hovering around 10%. However, by mid-2022, the ratio surged beyond 60%, reflecting increased price adjustments amidst shifting market conditions. This peak coincided with heightened inventory levels, where sellers likely faced pressures to attract buyers in a high-demand yet competitive environment.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120093351.png" alt="" width="" height="" style=""></figure></div>​ In 2023, the ratio exhibited a downward trajectory, stabilizing closer to the 40% range before gradually declining to its current level. The graph reveals notable seasonal fluctuations, often correlating with broader market cycles, such as the spring buying season or year-end slowdowns.For buyers, this data underscores a market that has grown more balanced compared to earlier volatility. Sellers, on the other hand, may need to adopt strategic pricing to ensure competitiveness, particularly as the ratio nears historical lows. The 28.2% ratio highlights a period of stabilization, suggesting an alignment between pricing expectations and market demand.

Explore the latest real estate trends with a focus on the 28.2% ratio of price drops to active listings. Discover insights into market behavior, seasonal fluctuations, and how this data impacts buyers and sellers in today’s housing market.

Real Estate Trends: Price Drop to Active Listings Ratio at 28.2%

Analyzing Price Drops and Active Properties

​ The housing market activity for active residential listings has seen significant fluctuations over the recent months, as reflected in the latest metrics. Currently, the activity index sits at 22.7%, with the months of inventory recorded at 4.76. These two metrics provide an insightful perspective on the market's current dynamics and trends.The activity index measures the ratio of pending to active listings, offering a clear picture of market engagement. Over the observed period, the activity index has shown notable variations, with highs exceeding 35% in early 2023 and lows nearing 22% in mid-2024. This decline indicates a slowing demand in the residential sales market compared to earlier peaks. However, the recent stability at 22.7% suggests a potential plateau, where buyer activity and seller listings are beginning to balance.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119042932.png" alt="" width="" height="" style=""></figure></div>​ Meanwhile, the months of inventory metric complements the activity index by reflecting the time required to sell the current inventory at the current pace of sales. At 4.76 months, the current inventory levels hover near the upper limit of a balanced market, which typically ranges between four and six months. This trend marks a slight improvement compared to previous highs in 2024 when inventory levels climbed closer to six months, signaling slower sales cycles.The interplay between these two metrics is visually evident in the chart. As the activity index declined, the months of inventory saw a corresponding increase. This inverse relationship suggests that the market has shifted from a seller-driven market to one that leans more neutral, if not slightly favoring buyers.This data underscores the evolving nature of the real estate landscape, with current conditions pointing to stabilization after months of fluctuating demand and supply. For buyers, this environment offers increased inventory and more time to make decisions, while sellers may need to adopt competitive pricing strategies to attract offers.

Explore the latest trends in the housing market with an activity index of 22.7% and inventory levels at 4.76 months. Understand what these metrics mean for buyers and sellers in today’s real estate landscape.

Austin Housing Market Update: Sales Activity Index at 22.7% and Inventory Trends

Activity Index and Inventory Trends

Understanding Lease Activity Index Trends in Key Cities <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119041651.png" alt="" width="" height="" style=""></figure></div>​ The lease activity index provides a snapshot of rental market trends by measuring the ratio of pending leases to the combined total of active and pending listings in various cities. This metric helps evaluate the pace and demand of rental properties in a given area. Below, we analyze the lease activity index for several cities, highlighting variations in rental market performance and insights into leasing trends.Austin leads the data with 3,475 active listings averaging 64 days on the market and a price of $2,668. Pending listings stand at 912, averaging 57 days and $2,442 in price. The leased properties in the past 90 days totaled 2,894, with an average price of $2,470. The lease activity index for Austin is 20.8%, reflecting steady demand in a competitive rental market. Additionally, Austin shows 2.9 months of inventory, indicating a relatively balanced market, with a lease-to-list ratio of 99.8%.Bastrop presents a smaller market size, with 62 active listings priced at $2,052 and 15 pending listings at $1,954. The lease activity index here is 19.5%, with 27 leased properties in 90 days, averaging $2,103. Bastrop's lease-to-list ratio of 100% showcases strong demand and successful conversions of listed properties to leased agreements.Cedar Park stands out with an impressive lease activity index of 28.8%, supported by 148 active listings priced at $2,438 and 60 pending leases averaging $2,452. Cedar Park also recorded 210 leased properties in the last 90 days, with an average price of $2,258. This high activity index signals robust leasing demand and efficient market turnover. Furthermore, the lease-to-list ratio here is 99.7%, reinforcing its status as a high-performing rental market.Del Valle, while a smaller market with 33 active listings priced at $2,062, also shows a balanced lease activity index of 15.4%. With six pending leases and 44 properties leased in 90 days, Del Valle maintains a healthy lease-to-list ratio of 101.1%, the highest in this dataset.In Georgetown, there were 273 active listings priced at $2,256 and 84 pending leases at $2,234. The lease activity index is 23.5%, indicating a strong demand for rental properties. Georgetown recorded 172 leased properties in 90 days, with an average price of $2,156. The lease-to-list ratio stands at 99.8%, further showcasing a vibrant leasing market.Hutto also reveals an active leasing environment, with 124 active listings and 43 pending leases, resulting in a lease activity index of 25.7%. The average lease price for active listings is $2,157, while pending leases are at $2,042. In 90 days, 96 properties were leased at an average price of $2,032. Hutto’s lease-to-list ratio is 99.9%, emphasizing its robust rental market.Kyle follows with a lease activity index of 23.7%, based on 213 active listings and 66 pending leases. With 189 properties leased in the last 90 days, Kyle has a lease-to-list ratio of 99.8%, reflecting a healthy leasing performance and strong demand for rental properties.These statistics highlight the leasing trends and market conditions in each city. Cities like Cedar Park, Georgetown, and Hutto stand out with higher lease activity indexes, demonstrating strong rental demand and efficient lease turnover. Meanwhile, cities like Bastrop and Del Valle show stable yet slightly lower activity, suitable for tenants and investors seeking balanced markets. Understanding these dynamics is crucial for making informed decisions in Texas' competitive rental market.

Discover the latest trends in Texas' rental market with our detailed analysis of the lease activity index by city. Learn about market conditions, demand, and leasing dynamics across Austin, Cedar Park, Georgetown, and more. Stay informed with insights into pricing, lease-to-list ratios, and market activity to navigate Texas' competitive rental landscape effectively.

Texas Lease Activity Index: Insights into Rental Market Trends by City

Rental Market Trends by City

The Michelin Guide's debut in Texas highlighted Austin's vibrant dining scene, presenting its inaugural list of award-winning restaurants. This guide, announced on November 11, featured restaurants from Austin, San Antonio, Houston, Dallas, and Fort Worth. Austin earned seven one-star designations, with no two or three-star ratings. Notable inclusions were barbecue spots Interstellar BBQ, La Barbecue, and LeRoy and Lewis Barbecue, which made history by earning Michelin stars for American barbecue. Additionally, Austin had 15 Bib Gourmand recipients for quality dining at reasonable prices and 23 recommended restaurants showcasing diverse and innovative culinary offerings. Unique distinctions included Michelin Green stars for sustainable practices awarded to Dai Due and Emmer &amp; Rye, emphasizing environmental responsibility.<a href="https://austin.eater.com/2024/11/11/24293767/2024-austin-michelin-star-restaurants-texas">Click here to see the full list of recipients!</a> Michelin's ratings are based on the quality, creativity, and consistency of the dishes, with inspectors evaluating the food alone, excluding decor and service. The one-star rating is awarded to establishments with high-quality cooking worth a visit. Bib Gourmands highlight exceptional cuisine that is also affordable, while the Michelin Green stars acknowledge restaurants committed to sustainability.The list featured award-winning chefs and venues with a significant impact on Austin's dining reputation, like Edgar Rico of Nixta Taqueria receiving the Young Chef Award. This recognition signals a bright future for Austin's dining culture as it aligns with globally renowned culinary standards.

Discover Austin's top Michelin-starred restaurants from the 2024 Michelin Guide Texas, including the first-ever stars for American barbecue and highlights of sustainable practices. Find out which venues earned one-star distinctions, Bib Gourmands, and recommendations that celebrate Austin's diverse dining scene.

Austin's Michelin-Starred Restaurants: 2024 Guide

Austin's Michelin-Starred Restaurants

​ Understanding the real estate market dynamics is essential for buyers, sellers, and investors. The recent data on city-specific property activity sheds light on the trends that are shaping various regions. The activity index plays a pivotal role in this analysis, measuring the pace at which properties are being listed, moved to pending status, and sold. It offers a clear picture of market vibrancy; higher numbers signal robust turnover and an active market, while lower numbers reflect more stability or less movement. <a href="https://drive.google.com/file/d/1SZ7gkPN9gzcrWXNqA1FrI6RvKaeDhQ43/view">Click here for a full activity index report on the greater Austin area!</a> In Austin, for example, 3084 active listings with an average price of $648,545 and a median of $500,000 showcase a diverse range of options. The pending sales numbers at 972 indicate significant buyer engagement, with average and median pending prices at $533,790 and $453,500 respectively. The 180-day sold data highlights a total of 4156 properties sold, with an average price of $615,519 and a median of $494,750. Austin's activity index stands at 7.97, showing a high level of market activity.Round Rock shows substantial movement with 649 active properties averaging $449,652 and a median of $425,000. The 279 pending listings have an average price of $464,049 and a median of $431,990. A total of 672 homes sold in 180 days, averaging $452,823 with a median of $421,990. Round Rock's activity index is 5.90, demonstrating a consistent turnover rate.In Cedar Park, the active inventory includes 143 properties with an average price of $568,813 and a median of $530,000. Pending sales are marked at 37 with an average of $598,029 and a median of $519,500. In the past 180 days, 146 homes were sold, averaging $555,101 and a median of $499,950. The activity index for Cedar Park is 5.74, reflecting steady market conditions.Manor's data reveals 202 active listings with an average price of $377,183 and a median of $350,000. Pending properties number 52, with averages at $345,012 and a median of $335,500. The 180-day sold total includes 186 properties, averaging $344,440 and a median of $319,500. The activity index in Manor stands at 7.77, suggesting a relatively brisk market.The activity index is crucial for market analysis, providing insight into how active or slow the real estate market is within a city. High activity index numbers indicate vibrant markets with quick property turnover, while lower numbers signify more balanced or slower markets.

Explore detailed real estate market trends for various cities, highlighting active listings, pending sales, and sold properties. Understand the significance of the activity index in measuring market vibrancy and turnover.

Understanding Real Estate Market Activity Index: City-by-City Overview

City-by-City Overview on Activity Index

​ The 1% rule is a guideline that real estate investors use to evaluate whether a property will generate sufficient cash flow. The rule states that the monthly rent collected should be at least 1% of the total cost of purchasing the property, including purchase price and any necessary repairs. For example, if a property is valued at $200,000, the monthly rent should be $2,000 or more. This rule helps investors determine if the investment has potential profitability by ensuring rent covers a significant portion of their mortgage and expenses. <a href="https://drive.google.com/file/d/1ktX8v_kS-m5nuj4UJyLd2CTOyT4NXUKD/view">Check out the 1% rule in the Austin area right now here!</a> Understanding the limitations of this rule is also essential. While the 1% rule provides a useful starting point, it does not consider other important factors like property taxes, insurance, vacancy rates, and maintenance costs. Markets with high property values may not meet this criterion but could still be lucrative because of property appreciation. Conversely, in lower-cost areas where properties meet or exceed the 1% threshold, rental demand and growth potential might be limited.Another important aspect is comparing market trends. An investor should look at local market conditions to assess if rental prices align with the 1% rule or if they are significantly higher or lower. Factors such as economic growth, job opportunities, and population trends can influence rental prices and property value appreciation, affecting an investment's overall viability.Real estate investors often use additional metrics alongside the 1% rule to get a full picture of potential returns. These may include cash-on-cash return, cap rate, and more detailed cash flow analyses. Combining these methods allows investors to make well-informed decisions, balancing current rental income with long-term growth and profit potential.

Learn how real estate investors use the 1% rule to evaluate property profitability. Understand the advantages, limitations, and how market trends impact this strategy.

What Is the 1% Rule for Real Estate Investors? An In-Depth Guide

What Is the 1% Rule for Real Estate Investors?

​ The 30-year fixed mortgage rate is an essential benchmark for understanding long-term financing in the real estate market. Historical trends in these rates provide valuable insights for buyers and investors as they navigate their financial decisions. Since the early 1970s, mortgage rates have fluctuated significantly, reflecting various economic conditions, such as inflation and federal monetary policies.In recent years, these rates have experienced notable volatility, particularly in the aftermath of global events and economic shifts. For example, in times of economic downturns or financial crises, the Federal Reserve often takes action to reduce rates to stimulate borrowing and spending. Conversely, when the economy shows signs of overheating, rates may rise to curb inflation and control economic growth.Monitoring the 30-year fixed mortgage rates helps individuals better understand their potential long-term financial commitments. Historically, these rates have ranged from double digits in the 1980s—peaking due to high inflation—to much lower levels post-2008 as the market stabilized after the financial crisis. This variability underlines the importance of timing and market awareness when deciding to buy or refinance.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241112043102.png" alt="" width="" height="" style=""></figure></div>​ Current rates are influenced by numerous factors, including the federal funds rate, overall economic conditions, and demand within the housing market. As of recent times, these rates have hovered around mid to high single digits, which contrasts with the exceptionally low rates seen during the pandemic years.Understanding these shifts is crucial for first-time homebuyers and seasoned real estate investors alike. With a clear view of rate trends and projections, homebuyers can plan strategically for their future mortgage decisions. Additionally, it is beneficial to explore how these rates compare historically to gauge what might be considered a favorable or unfavorable rate for securing long-term financing.

Explore the comprehensive analysis of 30-year fixed mortgage rate trends, historical shifts, and their impact on the housing market. Learn how understanding these rates helps homebuyers and investors make informed decisions.

Understanding 30-Year Fixed Mortgage Rate Trends and Their Impact

Mortgage Rate Trends and Their Impact

<div class="se-component se-image-container __se__float-none" style="width: 75%;"><figure style="width: 100%;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241105061721.png" alt="" width="75%" height="" style="width: 100%;"></figure></div>​ The real estate market’s active residential listings offer a valuable insight into property conditions and special listing situations. In total, there are 13,883 active listings in this dataset, split between two main categories: new construction and resale properties. Resale properties dominate the market, comprising 70.7% of the active listings with 9,822 properties, while new construction makes up 29.3% with 4,061 properties. On the other hand, pending listings total 3,964, with 43.2% attributed to new construction and 56.8% to resale properties. The activity index, which provides a measure of listing activity in the market, is notably higher for new construction listings at 29.67%, compared to 18.64% for resale listings.The average listing prices vary significantly based on the property condition. Resale properties, the largest category, have an average listing price of $752,500, but with an average price drop of 7.1%, bringing down the effective average price for buyers. Among resale types, homes listed as “tear downs” experience the steepest average price drop at 14.7%, reducing the listing price by approximately $174,031. Another notable category within resale properties is those that are updated or remodeled, which average $946,207, although they still experience an average price reduction of 7.6%.New construction properties display some variation in price and discount patterns as well. Fully constructed new homes have an average listing price of $734,803 with an 8.1% price drop on average, amounting to around $62,555 in discounts. Properties still under construction also experience reductions, with an average price of $518,962 and a 7.2% average drop, making them potentially attractive for buyers interested in purchasing properties at a lower price point with potential for future value increase.The dataset also covers properties with specific listing conditions, amounting to 512 active listings, or 3.69% of the market. Properties listed under special conditions include notices of default, short sales, pre-foreclosures, and auctions, each offering unique opportunities for buyers and investors. Notably, properties with a “notice of default” condition have the highest average discount rate at 23.2%, which can bring the average listing price down from $917,125 by approximately $107,500. Short sales, another category within special listings, average a listing price of $471,493, with an 11.3% average discount.Foreclosure properties present an average listing price of $350,833 with a 13.9% drop, making them a potential opportunity for buyers seeking distressed properties at a discounted rate. Additionally, real estate owned (REO) listings, which are typically bank-owned properties, total 111 listings and feature an 8.2% average price reduction, with an average price of $647,856. HUD-owned homes, though only four in number, present a significantly reduced average price of $315,922.Pending listings in the special conditions category are also insightful. Among them, real estate owned listings have a relatively high pending rate, with 41 properties accounting for 1.03% of the pending listings, and they have an activity index of 26.97%. Estate properties also have a high pending listing rate, with 96 properties representing 2.42% of the pending market and showing an average price drop of 9.6%.The data reflects a diverse real estate market, with substantial price variation based on property condition and special listing situations. For buyers, these price drops present opportunities to find listings at reduced rates, whether they are looking at new constructions, resale properties, or special listing conditions like foreclosure and short sales. The active residential listings and the different conditions highlight the dynamics of the market, offering options for various types of buyers, from those seeking move-in-ready homes to investors interested in properties with potential for value appreciation.

Explore detailed insights into Austin's real estate market, covering active and pending residential listings, property conditions, price drops, and special listing conditions like foreclosures and short sales. Learn how resale and new construction properties differ in price and activity index.

Austin Real Estate Market Update: Property Conditions and Special Listings Insights

Austin Real Estate Market Update

​ Exploring the Iconic Pennybacker Bridge and Hike in Austin, Texas The Pennybacker Bridge, also widely known as the 360 Bridge, stands as one of Austin, Texas’s most iconic landmarks. Spanning the Colorado River along Loop 360, this remarkable bridge connects North and South Austin and provides not only a vital transportation link but also offers stunning views of the surrounding Hill Country. Completed in 1982, the Pennybacker Bridge has become a popular destination for both locals and visitors, especially those looking to experience Austin’s natural beauty, architecture, and outdoor activities.<a href="https://ftp.txdot.gov/pub/txdot-info/brg/texas-steel/2022/nov/steel-arch-bridges-in-texas-pennybacker-bridge.pdf">The bridge was designed by Texan engineer Percy V. Pennybacker Jr.</a>, who pioneered a unique use of weathering steel in its construction. This material allows the bridge to resist corrosion naturally, blending seamlessly with the surrounding landscape without requiring paint. The bridge’s weathered look is perfectly suited to the Hill Country backdrop, making it an aesthetically harmonious part of the Austin skyline. Measuring 1,150 feet in length, with an impressive central arch spanning 600 feet across the river, the bridge soars nearly 100 feet above the water. This elevated height provides breathtaking vistas from both the bridge itself and nearby scenic points, making it a favorite subject for photographers and sightseers alike.One of the best ways to fully appreciate the Pennybacker Bridge and its surroundings is to embark on the nearby hiking trails. The Pennybacker Bridge Overlook Trail, located on the north side of the bridge, offers a short but rewarding hike to a popular viewpoint on a cliff above the bridge. From here, visitors can enjoy a panoramic view of the bridge, the Colorado River, and the rolling hills that define the Austin area. The trail is steep and rocky in parts, but the climb is well worth the effort for the remarkable view at the top. This vantage point is especially popular at sunrise and sunset, when the golden light illuminates the bridge and surrounding landscape, creating a picture-perfect moment.For those who enjoy more than just hiking, the Colorado River below the bridge offers opportunities for kayaking, paddleboarding, and other water activities. Paddling under the bridge gives adventurers a unique perspective, allowing them to look up at the impressive structure from the water. The area surrounding the bridge is abundant with nature, giving visitors a chance to experience Austin's blend of urban life and natural beauty.The Pennybacker Bridge is also a symbol of Austin’s architectural innovation and its commitment to blending growth with the preservation of natural landscapes. As Austin continues to expand, this bridge remains an important route for easing traffic congestion across the city. Its location along Loop 360, one of Austin’s most scenic roads, makes the drive an experience in itself. With winding roads, steep cliffs, and river views, Loop 360 and the Pennybacker Bridge offer one of the most scenic routes in the area.

Discover Austin’s Pennybacker Bridge, also known as the 360 Bridge, and the scenic overlook hike nearby. Learn about the bridge's history, its architectural significance, and the panoramic views that make this a must-see spot for hikers and photographers.

Exploring the Pennybacker Bridge and Scenic Hike in Austin, Texas

Pennybacker Bridge

​ Austin Real Estate Market: A Decade of Lease Price Trends (2014-2024)The Austin rental market has seen considerable shifts in average lease prices over the last decade, underscoring the city’s growth and its competitive housing landscape. From 2014 to 2024, average lease prices have steadily increased, highlighting both Austin’s rising demand and changes in its economy.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241101042917.png" alt="" width="" height="" style=""></figure></div>​ In 2014, the average lease price in Austin was $1,624. Fast forward to 2024, and that figure has climbed to $2,510, reflecting a substantial increase over ten years. The highest rental rates in 2024 were recorded in August, with an average lease price of $2,594, consistent with seasonal trends where demand typically peaks during the summer months. As in many rental markets, Austin's summer season tends to see increased movement, driving prices higher.On a month-by-month basis, the data shows varying growth rates in lease prices across different times of the year. January, for instance, saw lease prices rise from $1,536 in 2014 to $2,478 in 2024. August has consistently been one of the highest-priced months, maintaining a pattern of strong demand that drives rental prices up annually. The early months of 2024—specifically January and February—showed especially strong prices, possibly signaling a robust start to the year.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241101042940.png" alt="" width="" height="" style=""></figure></div>​ Looking at year-over-year changes, 2024 saw a modest 4.2% decrease in lease prices compared to 2023. This slight dip suggests that the market may be stabilizing, potentially influenced by changes in demand or broader economic adjustments. Monthly changes in 2024 varied, with some months seeing growth and others showing smaller shifts. For example, March 2024 experienced a modest 0.4% increase over the previous March, while June and July saw slightly larger increases of 1.1% and 0.5%, respectively.Month-over-month comparisons reveal additional insights into seasonal and annual patterns. For instance, lease prices in March showed a steady rise each year from 2015 through 2023, followed by a minor drop in 2024. Similar trends are evident in other months, suggesting a potential cooling or adjustment in the market this year. By examining these shifts, renters, property managers, and investors can better understand how seasonal demand and long-term trends shape the rental market.Rising mortgage rates are also a factor influencing rental prices. When home ownership becomes less affordable due to higher interest rates, more people turn to renting, which increases demand and can lead to higher lease prices. Recent years have seen this impact, as fluctuating mortgage rates have contributed to the overall demand for rentals, subsequently affecting lease prices.In summary, Austin’s rental market data reveals a steady upward trend in average lease prices over the past decade, with slight adjustments in 2024. For renters, investors, and real estate professionals, understanding these trends is essential as they navigate Austin’s dynamic real estate landscape. This data offers insights into not only the seasonal fluctuations and yearly growth patterns but also the factors that continue to make Austin an attractive and competitive rental market.

Dive into the decade-long trends in Austin's rental market, exploring changes in average lease prices from 2014 to 2024. This in-depth analysis reveals seasonal patterns, year-over-year growth, and key economic factors shaping Austin’s real estate landscape, offering valuable insights for renters and investors.

Austin Rental Market Analysis: A Decade of Lease Price Trends (2014-2024)

A Decade of Lease Price Trends

​ Weekly Residential Update: A Closer Look at Recent Market ActivityThe residential real estate market has shown significant activity over the past few months, as indicated by the latest Weekly Residential Update. This data provides insight into new listings, pending sales, mortgage rates, and open house numbers, allowing us to understand how the market has evolved.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241030033819.png" alt="" width="" height="" style=""></figure></div>​ Starting from May 2024, we observe a steady stream of new listings and pending ratios. For instance, during the week from May 6 to May 13, 1,301 new properties entered the market, with 154 price adjustments and a pending sales count of 1,746. The back-on-market (BOM) rate was 92%, and the average percentage of properties under contract (AUC) was 18%. During this time, the mortgage rate stood at 7.09%, and the market saw 2,259 open houses.Moving further into the data, by the week of June 3 to June 10, new listings increased slightly to 1,248, while price changes reached 243. The pending sales count peaked at 2,115, showing that the market was seeing an upswing in buyer interest. The BOM rate during this period remained steady at 90%, while the AUC was 19%, showing a consistent rate of sales activity. The mortgage rate slightly decreased to 6.99%, potentially encouraging more buyers to explore their options.Throughout July 2024, the market showed more notable changes. During the week of July 8 to July 15, new listings slightly dropped to 1,159, with 148 price adjustments. This week had one of the lowest pending ratios in the dataset, with a pending sales count of 2,201, reflecting a slower pace in the market. The mortgage rate for this period was 6.89%, which might have influenced buyer activity.One of the highest ratios recorded was from August 19 to August 26, where the pending ratio reached 0.87. During this time, 910 new listings were recorded, with 227 properties undergoing price changes, and a high pending sales count of 1,692. This week stood out as a period of intensified market activity, with a relatively lower mortgage rate of 6.49%. Additionally, there were 2,908 open houses during this time, suggesting a strong level of buyer interest in viewing properties.As we look closer at the fall season, the trend shows some slowing in both new listings and pending ratios. For example, from September 30 to October 7, the pending ratio was 0.76, with 1,016 new listings and 193 price changes. The pending sales count was 1,575, and the mortgage rate slightly rose to 6.95%, which may have influenced a more cautious buyer market.Most recently, during the week of October 21 to October 28, new listings dropped to 749, marking one of the lowest counts in recent months. The pending ratio was 0.79, with a pending sales count of 1,420. With the mortgage rate at 6.54%, we may see additional adjustments in buyer behavior moving forward.Overall, this data reveals the trends in the residential real estate market over recent months. From changes in new listings and price adjustments to shifts in mortgage rates and pending ratios, this report captures the dynamic nature of the housing market. Each week brings unique fluctuations, providing valuable insights for those watching market trends or considering entering the real estate market.

Discover the latest insights on the residential real estate market with our Weekly Residential Update. From new listings and pending sales to mortgage rates and open house numbers, this article provides a detailed analysis of trends from May to October 2024. Stay informed on the latest real estate market activity with data-driven insights.

Weekly Residential Market Update: October 2024 Trends in Listings, Sales, and Mortgage Rates

Trends in Listings, Sales, and Mortgage Rates

Active Residential Listings Market Analysis<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241028082632.png" alt="" width="" height="" style=""></figure></div>​ As of October 28, 2024, the residential real estate market has shown notable trends in active listings, inventory levels, and year-over-year performance. Over the last month, the data reflects fluctuations in the number of active listings, which provide insight into the market's current direction.Starting on September 16, 2024, the total number of active listings was 14,838. Over the following weeks, there were consistent changes, with some days seeing slight increases and others experiencing declines. For example, September 18 recorded 14,686 active listings, reflecting a 2.21% decrease from the previous day. On October 2, the market had 14,382 active listings, showing a decline of 3.11% from mid-September. By October 28, the number of active listings further decreased to 14,306, which is a 5.34% month-over-month drop.The year-over-year data indicates a 14.5% increase in active listings compared to the same period last year. This upward shift suggests a broader trend of increasing inventory in the market, which may lead to adjustments in pricing and buyer-seller dynamics. The pending listings, which reflect the number of properties under contract, fluctuated but stayed around 4,100–4,300 listings. For instance, on October 4, there were 3,999 pending listings, whereas October 24 recorded 4,157 pending transactions, a 5.1% year-over-year increase.The activity index remained stable, hovering around 21.6–22.4%. The stability of the activity index signifies consistent buyer interest relative to available inventory, maintaining a balanced market environment. Over the past year, there were 33,576 properties sold, equating to approximately 5.11 months of inventory as of October 28. The months of inventory metric, which hovered between 5.07 and 5.33 throughout October, suggests that the market remains slightly in favor of sellers but is moving towards a more balanced position. Lower months of inventory typically indicate a faster-moving market, but the gradual increase over recent months implies a slowing down, giving buyers slightly more leverage.The weekly changes in active listings highlight how the market reacts on a short-term basis. For instance, from October 14 to October 21, the market saw fluctuations ranging from 14,531 active listings on October 14 to a decrease to 14,479 on October 21. The daily changes indicate market volatility, which can impact buyer urgency and listing strategies.In summary, the residential market as of late October 2024 reflects an active landscape with slight declines in active listings over the last month, but a year-over-year increase that suggests longer-term growth in inventory. With a stable activity index and months of inventory remaining in the 5-month range, the data presents a residential market moving towards balance, creating opportunities for both buyers and sellers. This current trend emphasizes the importance of staying updated with listing activity as the market adapts to these shifts.

Discover key trends in the residential real estate market as of October 2024. Explore detailed insights into active listings, inventory levels, year-over-year growth, and market activity to stay updated on the latest developments.

October 2024 Active Residential Listings Analysis: Trends and Insights

October 2024 Active Residential Listings Analysis

​ The Little Darlin’ is a favorite spot for comfort food with a twist, and it’s also known for its generously poured drinks, making it a top choice for both food and drinks. During a recent visit, standout menu items included the chicken waffle, steak and eggs, and the chicken burger—each delivering a unique mix of flavors and textures to satisfy any craving.The chicken waffle is a classic Southern dish reimagined with a savory twist. It pairs crispy, golden-brown fried chicken with a fluffy waffle, creating a delightful contrast between the crunch of the chicken and the soft texture of the waffle. A drizzle of syrup adds a touch of sweetness, perfectly balancing the savory notes of the fried chicken for a dish that’s hard to resist.<div class="se-component se-image-container __se__float-none" style="width: 50%;"><figure style="width: 100%;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241026073844.jpg" alt="" width="50%" height="" style="width: 100%;"></figure></div>​ For those looking for a protein-packed meal, the steak and eggs are a great choice. The steak is cooked to perfection, while the eggs are prepared according to preference, whether scrambled, poached, or fried. This timeless combination provides a satisfying and hearty option, ideal for diners who enjoy rich flavors and a balanced plate.<div class="se-component se-image-container __se__float-none" style="width: 50%;"><figure style="width: 100%;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241026073954.jpg" alt="" width="50%" height="" style="width: 100%;"></figure></div>​ The chicken burger is another highlight, offering a more casual yet equally flavorful choice. With a juicy, well-seasoned chicken patty and fresh toppings, this burger is stacked on a soft bun that completes the meal. The burger delivers a mix of textures, from the crunch of lettuce to the tender chicken, providing a delicious and filling experience.<div class="se-component se-image-container __se__float-none" style="width: 50%;"><figure style="width: 100%;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241026074043.jpg" alt="" width="50%" height="" style="width: 100%;"></figure></div> Aside from its tasty dishes, The Little Darlin’ is also known for its drinks, making it a great place to enjoy a refreshing drink with your meal. The drinks menu is designed to complement the food offerings, enhancing the overall dining experience.With its combination of bold flavors, classic comfort foods, and generously poured drinks, The Little Darlin’ is a go-to spot for locals and visitors looking for a memorable meal.

Discover The Little Darlin’s popular dishes, including chicken waffle, steak and eggs, and chicken burger, paired with heavy pour drinks. Learn why this Austin spot is a favorite for food and drinks alike.

Dining at The Little Darlin’: Chicken Waffle, Steak and Eggs, Chicken Burger, and Heavy Pour Drinks

Dining at The Little Darlin

​ The Freddie Mac House Price Index (FMHPI) offers a detailed look into the changing property values across major U.S. cities, including Austin. Tracking data from January 2020 through 2024, the report examines year-over-year and month-over-month changes, with highlights of both peak growth and recent corrections in markets like Atlanta, Baltimore, Boston, and notably, Austin.Austin stands out for its rapid appreciation and subsequent corrections. From January 2020 to May 2022, Austin’s house prices increased by 40.8%, reflecting strong growth in property values. However, the market later saw a significant adjustment, with a 15.5% decrease from peak values, illustrating Austin’s volatility compared to other cities in the FMHPI report. This shift reflects broader trends in Austin’s housing market, where rapid appreciation has been followed by recent price softening as conditions stabilize.<div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241025040814.png" alt="" width="" height="" style=""></figure></div>In contrast, Atlanta experienced a more steady upward trajectory, with property values increasing by 63.4% from January 2020 to July 2024. Atlanta saw only a minor correction of 0.4% from peak prices, suggesting a more gradual approach to stabilization compared to Austin’s market fluctuations. Baltimore has shown similar steady growth, with a 43.9% appreciation in property values over the same period and a small decline of 0.2% from peak prices.Boston also displayed one of the most robust growth trends, with property values up by 49% from 2020. Despite a recent dip of 0.2% from its highest values, Boston remains one of the stronger markets in terms of growth. Charlotte and Chicago follow this pattern, with Charlotte’s house prices increasing by 69.5% and Chicago by 46.9% since January 2020. Both cities have seen slight corrections recently, with Charlotte down by 1% and Chicago by 0.4% from their respective peaks.Several other cities, including Cleveland, Cincinnati, and Columbus, demonstrate similar trends of appreciation and recent stabilization. Cleveland has seen a steady 58.6% rise in house prices since January 2020, with only a 0.2% correction from peak levels. Cincinnati’s growth is even stronger, with a 60.7% increase, while Columbus closely follows at 58.5%.Overall, the Freddie Mac House Price Index highlights the dynamic nature of the U.S. housing market from 2020 to 2024. Cities like Austin showcase the volatility that can occur following rapid growth, while markets such as Atlanta, Baltimore, and Boston reflect steady appreciation with minor recent adjustments. These trends offer valuable insights for buyers, sellers, and investors, helping them make informed decisions in a shifting economic landscape.

Explore the Freddie Mac House Price Index for 2024, highlighting house price trends in Austin, Atlanta, Baltimore, and Boston. Learn about property value growth and recent corrections to make informed real estate decisions.

Freddie Mac House Price Index 2024: Insights on Austin and Other Key U.S. Markets

Insights on Austin and Other Key U.S. Markets

The Austin metropolitan area continues to showcase dynamic trends in residential property appreciation year over year. Based on data provided, we can see varying rates of growth across different cities within the region. As of the latest analysis, Austin remains one of the standout cities with a robust appreciation rate. However, neighboring cities such as Cedar Park, Leander, and Round Rock are also experiencing significant growth in property values.<div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241023051115.png" alt="" width="" height="" style=""></figure></div>Austin has consistently demonstrated a strong appreciation rate, which is no surprise given its booming tech industry and increasing demand for housing. With the influx of new residents, the demand for homes is pushing prices upward, maintaining a competitive market. Meanwhile, Cedar Park has seen notable growth in property values. Its proximity to Austin and relatively more affordable housing options make it an attractive location for those looking to be near the city without paying Austin's premium prices.Leander and Round Rock are similarly benefiting from Austin's expanding population. As the central city's prices climb, homebuyers and investors are turning to these nearby cities where the cost of living remains more accessible. Both areas have seen consistent property value growth, and this trend shows no signs of slowing down.Other cities like Kyle and Georgetown are seeing more moderate appreciation rates, but they still offer considerable value for buyers. These cities are becoming more popular due to their larger land parcels and more suburban feel, making them ideal for families seeking more space.Overall, the data suggests that the entire Austin metro area is experiencing sustained growth in residential property values. Buyers looking for investment opportunities or new homes will find that prices are on the rise in nearly every city. This makes it an ideal time to enter the market, as demand remains high and the potential for future appreciation looks promising.

Discover the latest trends in Austin's real estate market with a detailed analysis of year-over-year property appreciation. Explore how different cities in the metro area are experiencing growth and learn why now might be the perfect time to invest.

Austin Metro Area Property Appreciation: A Deep Dive into Year-Over-Year Growth

The residential lease market in various cities shows distinct trends in price activity for 2024. According to recent data, the Entire MLS saw 6,776 active residential lease listings. Of these, 52.2% showed price drops, 46.3% remained unchanged, and only 1.5% saw price increases. These figures highlight a significant shift in pricing dynamics across different cities in Texas.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241021070624.png" alt="" width="" height="" style=""></figure></div>In Austin, which had 3,500 active listings, 50.5% of the properties saw price decreases, while 48% remained unchanged. Only 1.5% of the listings in Austin had price increases, which is reflective of the overall trend in the broader MLS data. Other cities like Buda and Cedar Creek saw more dramatic decreases, with 55.2% and 58.3% of properties, respectively, experiencing price reductions. In contrast, Burnet, with 40 listings, had a higher percentage of unchanged prices at 60%, signaling a more stable leasing market in that area.Price drops were also pronounced in cities such as Kyle and Hutto. Kyle, which had 225 listings, reported that 66.2% of its properties saw price drops, one of the highest percentages among the cities listed. Hutto followed closely with 58.1% of its 136 listings showing price declines. On the other hand, cities like Leander and Manor, despite having a significant portion of listings with price drops (56.3% and 56.4%, respectively), saw some price increases, with Leander seeing a 1.9% increase and Manor a smaller rise of 0.8%.In contrast, cities such as Liberty Hill and Dale stood out with the highest percentages of price drops. Liberty Hill saw 64% of its listings with price decreases, and Dale, though having fewer listings (4 in total), experienced the highest price drop percentage at 75%. This shows how different cities within the region are experiencing varied leasing market conditions.Some cities showed a more balanced or positive trend in price stability or growth. For instance, Lockhart experienced a 6.1% price increase, which was the highest among the listed cities, and only 39.4% of its listings had price drops. Similarly, Burnet saw 60% of its listings with no price change, indicating a more stable market there.This detailed breakdown shows the diversity in the residential lease market across the cities in Texas, with some areas seeing significant price reductions while others remain relatively stable or even see slight increases. As we move further into 2024, understanding these shifts in pricing can help both renters and landlords make informed decisions.

Discover the latest price trends in the Texas residential lease market for 2024. Explore how cities like Austin, Kyle, Leander, and more are experiencing price drops, stability, and increases in their rental markets. Stay informed with this comprehensive breakdown.

Texas Residential Lease Prices 2024: City-by-City Breakdown

Zed's Ice Cream is the go-to spot for indulgent and creatively crafted treats, and their Special #1, Special #2, and Special #3 are standout examples. Each one offers a unique combination of flavors and toppings, making them must-try items for anyone visiting the shop.The Special #1 features a mix of vibrant gummy bears layered over a swirl of berry-flavored ice cream. The bright and fruity gummies add a fun, chewy texture that perfectly complements the creamy base, creating a visually appealing and deliciously satisfying treat. This special caters to those who love the balance of sweet and tart, with the playful inclusion of gummies making it ideal for any sweet tooth.Special #2 is an entirely different experience. Topped with chocolate sprinkles over a rich, dark chocolate base, this special delivers a smooth and intense chocolate flavor. The sprinkles provide a slight crunch, offering a contrast to the silky ice cream beneath. Chocolate lovers will find this option irresistibly rich, with each bite leaving you craving more.For caramel enthusiasts, Special #3 is the perfect choice. This cup of ice cream is covered in creamy caramel drizzle and topped with chocolate chips, creating a blend of sweet and salty flavors. The caramel enhances the sweetness of the ice cream, while the chocolate chips bring a satisfying crunch, making this dessert a delightful experience from start to finish.Each of these specials showcases the attention to detail that Zed's Ice Cream is known for. Whether you're in the mood for a fruity, chocolatey, or caramel-based treat, there’s something for everyone to enjoy.

Discover the delicious and creative Specials at Zed's Ice Cream, including Special #1 with gummy bears, Special #2 with chocolate sprinkles, and Special #3 with caramel drizzle and chocolate chips. Whether you're a fan of fruity, chocolatey, or caramel flavors, Zed’s has the perfect treat for you.

Special #1, #2, and #3: Must-Try Desserts at Zed’s Ice Cream

Desserts at Zed’s Ice Cream

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241018030333.png" alt="" width="" height="" style=""></figure></div>In October 2024, the active residential listings in the real estate market showed consistent shifts, providing insight into the overall housing inventory and the current activity in the market. Starting from September 5, 2024, there were 14,539 active listings. Over the following weeks, the number of listings fluctuated, with notable decreases occurring mid-September. For example, by September 16, the number of listings had dropped to 14,838, showing a 3.89% decline from the previous week. By the end of September, listings began to stabilize, reaching 14,831 on September 30, 2024, marking a minimal increase of 0.72% from the previous day. This stabilization suggested that while the market had experienced some volatility earlier in the month, it was beginning to even out.Moving into October, the number of active listings continued to fluctuate slightly. On October 1, there were 14,415 active listings, a decrease from the previous day. Throughout the first half of the month, there were minor drops, with listings hitting a low of 14,447 on October 15. By October 17, the number of listings stood at 14,432, a slight increase of 41 listings from the previous day.When examining year-over-year (YoY) changes, the market showed a significant increase in listings compared to the previous year. For instance, on October 17, 2024, there was a 17.1% increase in active listings compared to the same time in 2023. This growth indicates that more properties are available in the market this year, providing buyers with more options and potentially creating a more competitive environment for sellers.Additionally, the months of inventory, which measure how long it would take to sell the current housing inventory, fluctuated throughout this period. On October 17, the months of inventory stood at 5.12, down slightly from earlier in the month, when it was 5.33 on October 1. This indicates that while the market remains active, the pace of sales may be slowing as the inventory remains steady.Overall, the data highlights a dynamic housing market with fluctuating listing numbers, increased inventory compared to 2023, and a balanced rate of sales. This can provide useful insights for both buyers and sellers looking to make informed decisions in the current market environment.

Discover how October 2024 active residential listings have fluctuated, revealing important trends in the housing market. Learn about the YoY growth in listings, inventory levels, and what these changes mean for buyers and sellers.

October 2024 Active Residential Listings: A YoY Market Analysis

ArticleDirectorySimple

<h2>Recent Articles</h2>Stay up to date with the latest news from {website_name} by checking out the articles below.

<h2>Recent Articles</h2>Stay up to date with the latest news from Jo Leung by checking out the articles below.

Articles

Recent Articles