Austin Real Estate Market Update: Home Prices Surge and Interest Rates Drop
Welcome to the latest update on Austin’s real estate market! Delve into the most recent trends and data!
Key Highlights:
- Home prices increased by 6%!
- Interest rates dropped below 7%!
- Real International’s special discount for new homes can help investors save up to 16%! Limited quantity, first come, first served!
Mortgage Interest Rate Update
This week, the mortgage interest rate finally dropped below 7%! Yesterday, Freddie Mac announced that the average interest rate for 30-year fixed housing loans has dropped to 6.94%. Previously, mortgage rates had been above 7% for five consecutive weeks. This drop in interest rates may boost the real estate market in the spring and summer!
Special Discounts from Real International
Recently, the Real International team discussed special discounts from well-known mid-to-high-end builders. The community is only 15 miles from Tesla, Austin’s largest employer, and downtown Austin! Real International investors are offered a price that is 12%-16% lower than the market price. The city is located in the development center of ASA, with a rent of $1.4 per square meter. The apartment types are all large flats that Texans love! There is huge potential for future appreciation! The quantity is limited, and new customers do not need to queue up. First come, first served. If you are interested, please contact Real International’s assistant privately!
April CPI Data Report
According to a report released by the U.S. Department of Labor last week, the CPI rose 3.4% in April, in line with expectations. Excluding food and energy, the core inflation rate was 0.3% monthly and 3.6% annually, both in line with expectations. The core inflation rate was not only the lowest since December but also the lowest monthly increase since December.
Austin April Housing Price Data Report
According to the market report released by the Austin Board of REALTORS®, starting in 2024, the metropolitan area will include Georgetown data in addition to Austin and Round Rock. The report now provides a comparison of average transfer prices and listing prices. Currently, Austin has entered the seasonal peak season, and more customers are inquiring about selling houses. If you need house selling services, please contact the assistant!
City of Austin
- Median home price: $593,500 (up 6% year-on-year)
- New listings: 2,046
- Active listings: 4,113
- Pending sales: 1,091 (up 18.7% year-on-year)
- Average time on the market: 63 days
- Inventory: 5.4 months
Travis County
- Median home price: $540,185 (up 1.9% year-on-year)
- Transfers: 1,260
- New listings: 2,585
- Pending sales: 1,421
- Inventory: 4.8 months
- Average time on the market: 66 days
Williamson County
- Median home price: $435,000 (down 2.5% year-on-year)
- Transfers: 939
- New listings: 1,518
- Active listings: 2,936
- Pending sales: 1,036
- Inventory: 3.4 months
- Average time on the market: 58 days
Hays County
- Median home price: $408,169
- Transfers: 348
- New listings: 740
- Active listings: 1,662
- Pending sales: 500
- Average time on the market: 88 days
Caldwell County
- Median home price: $293,990 (almost unchanged from a year ago)
- Transfers: 43 (up 4.9% year-on-year)
- New listings: 63
- Active listings: 146
- Pending sales: 72
Bastrop County
- Median home price: $352,000
- Transfers: 118
- New listings: 225
- Active listings: 558
- Pending sales: 132
Choose Real International to sell your house quickly and at an ideal price – during Austin’s peak trading season! Contact us today for more information!
info@realinternational.com
(512) 298-1899
