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November Housing Data Across Texas

1,358 Views | 6 Replies | Last: 4 yr ago by leighann
Red Pear Realty
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Austin

ABOR hasn't released their monthly data yet, but there's a broker who does an annual survey of expectations for the Austin market who has just started releasing datapoint from that survey. Currently at 422 responses (with more to come), this has some good insights from local brokers. I'll post the monthly data from ABOR when it goes live in about a week also.






Red Pear Realty
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Houston

Despite the Thanksgiving holiday, Houston housing never skipped a beat in November as buyers steered the market through positive territory even as inventory hovered at historically low levels. Renters also brought much-needed business back to the lease market following slight declines in October.

According to the Houston Association of Realtors (HAR) November 2021 Market Update, single-family homes sales rose 3.9 percent compared to last November, with 8,320 units sold. That is up from 8,010 sales in 2020. On a year-to-date basis, local home sales are 12.0 percent ahead of 2020's record pace and up 22.2 percent versus 2019, the previous record-setting year.




https://www.har.com/content/newsroom
Red Pear Realty
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Bryan - College Station

  • College Station at 0.6 months of inventory might be the lowest I've seen in Texas anywhere, ever. (6 months is market equilibrium, so this means there are roughly 10 homebuyers out there for every home on the market).
  • Number of listings are way down.
  • Those two combined should make for a very interesting Spring sales season.








https://www.bcsrealtor.com/index.php?submenu=areaHousingStatistics&src=gendocs&ref=AreaHousingStatistics&category=forConsumers
Red Pear Realty
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https://news.yahoo.com/us-consumer-prices-soared-6-133737840.html
HUDAT361
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Trying to buy a house in Austin is like living in California right now I'm so sad
PrestigeWorldwideAg12
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That's what they wanted down there
leighann
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AG
Thanks for sharing this info. I've especially been following the College Station market, and am curious to see whether rents will increase following home price increases?
At least in Houston, it seems like sales prices jumped, and then the rent increases are now following the same patterns.
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