On December 18th, the Fed dropped its benchmark rate for the 3rd time since summer, by another quarter percent, but suggested only 2 further reductions in 2025 – which was not what investors and bond markets wanted to hear. This caused stock markets to fall from recent highs and mortgage interest rates to spike up, but, so far, these are very short-term reactions and may quickly change course again. In early December readings, the U.S. jobs report rebounded, inflation ticked up slightly, and consumer confidence hit its highest point in 7 months. And, as of the date of this report, a government shutdown looms once again due to the inability of Congress to agree on a spending bill. 

  • National existing-home sales in November 2024 fell 9.5% from…

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Gorgeous move-in ready 3B/2B home built in 2023 in the acclaimed Bryson neighborhood in Leander ISD. Built by Chesmar Homes, the home features a thoughtfully designed floor plan with modern finish out and stylish decorator touches. Great opportunity for an investor or a first time homebuyer! The Bryson neighborhood offers tons of amenites and is located close to major retail and shopping in north Austin.

See the link below for the photos and 3D video tour.

Contact Charla Housson at 512-680-4344 or charla.housson@compass.com for more information.

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Sophisticated luxury living in Austin’s prestigious West Lake Hills. Originally built in 1993, this spectacular luxury home is move-in-ready, following a near "to the studs" renovation over the past two years. Nestled on over an acre in the Estates at Blackacre, this striking limestone beauty offers phenomenal curb appeal with mature shade trees and meticulously updated professional landscaping. A grand flagstone walkway leads to the front door, complemented by a desirable side-facing three-car garage with epoxy floors.   Andrea Leigh Interiors masterfully crafted the interior remodel, exquisitely reimagining the expansive 5,663 square feet of living space with modern sophistication and timeless elegance, epitomizing high-end luxury. Updated Marvin…

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Check out the latest information on the Austin market as we start winding down 2024 and looking ahead to 2025. In November, the median home price rose to $435K, up 2% from last year, while active listings increased 5% to over 10,800 homes. Homes spend an average of 4.8 months on the market, giving buyers more time to decide, while well-positioned properties sell closer to list price. Closed sales climbed 4.6%, reflecting September’s lower mortgage rates and steady fall activity. With solid momentum heading into 2025, the market continues to offer opportunities for buyers and sellers alike.


See the latest update on the Austin market at the link below. 

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No surprise that the latest report on migration trends in Texas shows that California leads all states with the highest number of residents moving into Texas. Can you guess the state that receives the highest number of Texas residents? California, again, followed closely by Florida, Colorado, and Oklahoma.


See the link below for the recently released 2023 Texas Migration Trends report, based on U.S. Census 1-Year ACS estimates from October 17, 2024, provides key insights into population shifts that affect the real estate market. 

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In October 2024, the median home prices in the Austin-Round Rock-San Marcos market dipped 3% year-over-year to $430,000, while pending sales rose 13%, reflecting continued buyer interest despite cooler fall activity. With 5.1 months of inventory and over 11,000 homes on the market, opportunities abound for home buyers and sellers. 


See the latest update on the Austin market at the link below. 

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Longtime Austinites know that Christmas shopping does not need to involve a trip to the mall or any of the big box stores. The best way to find the perfect gift for friends and loved ones is to explore the numerous Christmas markets and bazaars that feature local artists and showcase music from local musicians. The Armadillo Christmas Bazaar, for example, brings together nearly two hundred artists, live music, and festive vibes over a ten day period at the Palmer Events Center. Similarly, the Blue Genie Art Bazaar is an annual Austin tradition where local artists showcase unique, handmade gifts and artwork. See the link below for more information on all of the celebrations of Christmas in Austin this December.

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October 2024 Market Summary

  • U.S. existing-home sales in October 2024 rose 5.5% from September and 5% from October 2023. Year over year, the median single-family-home sales price and median condo/co-op sales price were up 4.1% and 1.6% respectively.

  • The number of listings for sale increased slightly from September, and jumped 19% from October 2023:  In recent months, inventory has generally been running at its highest count in 4 years but remains far below pre-pandemic norms. Price reductions in October were up 17% year-over-year.

  • Approximately 59% of sales went into contract in less than 1 month (vs. 66% in 10/23), 19% sold over list price (vs. 28% in 10/23), and 27% of buyers purchased all-cash. The median days-on-market to…

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Austin celebrates the cooler weather in November with a variety of festivals throughout the month capped by the annual Thanksgiving Day Turket Trot.  For the book lovers in the family, the annual Texas Book Festival will take place November 16-17, 2024, in downtown Austin. This free event features over 250 authors and draws tens of thousands of book lovers. And, if you want to get jump start on your Christmas lists, A Christmas Affair 2024, hosted by The Junior League of Austin, will take place from November 20-24 at Palmer Events Center. This holiday market features over 200 vendors and attracts more than 25,000 attendees, supporting JLA's community programs and nonprofit partners. 

Read about these events and many more activities in and around Austin…

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