Housing inventory, listings increase in Austin metro as mortgage rates remain elevated Sellers need 'a more aggressive pricing approach,' expert say. Nov. 2024. By Cody Baird – Staff Writer, Austin Business Journal click here for the direct exact Austin Business Journal Article.  Mortgage rates remain elevated compared to recent years, but Austin-area homebuyers have a robust inventory of choices, according to the latest market data from the Austin Board of Realtors and Unlock MLS. The median sale price for homes fell slightly in October to $430,000, a 3.2% drop from the same time last year. And with a housing inventory that eclipsed the five-month mark, buyers had plenty of options. Meanwhile, overall transaction volume remained flat year-over-year, as both active and new listings increased compared to October 2023.

  ‘Landmark’ H-E-B on South Congress Avenue set to reopen in December. Click here for the exact Community Impact New Biz Opening Press Release.

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  Texas housing supply has spiked to highest level since at least 2017. Active listings are up 25% YoY, and a massive 263% from the pandemic low. Texas is no longer in an inventory shortage. And is now over-supplied. Cities in Texas with the most excess supply: Austin: 42%. Date; November 4th, 2024. nickgerli1 (@Nick Gerli) posted: Texas housing supply has spiked to highest level since at least 2017. Active listings are up 25% YoY, and a massive 263% from the pandemic low. Texas is no longer in an inventory shortage. And is now over-supplied. Cities in Texas with the most excess supply: Austin: 42%  https://x.com/nickgerli1/ status/1853495887118664048?s= 51

  Homeowners shell out a lot more in property taxes than they did in 2019 Property taxes in Austin make up more of a monthly housing bill than anywhere else in U.S., study says. Click here for the direct ABJ Biz Article Link By  Ashley Fahey  – Editor, The National Observer: Real Estate Edition, The Business Journals Oct 31, 2024 Listen to this article 5 min Property taxes for homeowners are up significantly across the country — including in Austin — thanks in large part to surging home values since the onset of the Covid-19 pandemic. Nationally, property taxes have increased nearly 30% since 2019, to a monthly median payment of $250, according to  a recent analysis by Redfin Corp.  (Nasdaq: RDFN). That increase comes despite the average effective tax rate across the U.S. now being 0.67%, down from 0.77% in 2019. Among the states and metro areas analyzed by the firm, property taxes made up more of a monthly housing bill (19.8%)  in Austin , than anywhere else in the country. Other Texa

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