Compass Austin Market Report - January 2025
Posted by Charla Housson on
Check out the link below for the latest statistics on the Austin real estate market in January 2025.
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Found 89 entries published by Charla Housson.
Check out the link below for the latest statistics on the Austin real estate market in January 2025.
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Click on the link below for the latest residential real estate statistics for Austin and The Hill Country in the newest release of the fourth quarter results for 2024.
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Located in the acclaimed Steiner Ranch, my new listing at 12801 Appaloosa Chase Drive is a lovely 3 bedroom/3 bath home backing up to a green belt area of the neighborhood. See the link below for the photo tour including a 3D walk through of the home!
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On Sunday, February 16, participants from around the globe will be in town for the Austin Marathon, one of the city's most iconic running events! The full marathon, half marathon, or 5K, are all set against the backdrop of Austin’s scenic neighborhoods and lively downtown. See the link below for all of the fun events happening in and around Austin in February.
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Compass recently released the 2024 Ultra-Luxury Report highlighting luxury properties from each state that are valued over $10 million. According to the report, there were 1,744 properties sold at $10 million and above in 2024, generating an impressive $31.39 billion in total sales. The 2024 total sold far surpassed 2023, which highlights the enduring demand for extraordinary homes. Gain deeper insights into these trends and market-shaping factors in our 2024 Ultra-Luxury Report. See the link below for a peek at some of these beautiful properties!
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Coming soon in the acclaimed Sweetwater neighborhood in west Austin, this gorgous one-story home features exquisite hickory hardwood flooring and lots of interior upgrades. Check the link below for the photo tour.
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Super excited to share my new listing in Steiner Ranch located behind the gates at the UT Golf Club. Located on the 10th fairway of the prestigious UT golf course, this gorgeous single-story retreat exudes luxury and sophistication featuring rich hardwoods, gourmet kitchen, and designer light fixtures. See the link below for full photo tour.
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2024 Year in Review
In 2024, the Austin residential real estate market showed remarkable consistency from the previous year. A total of 8,028 single-family homes were sold, marking a slight decrease of approximately 2.55% compared to 2023. The median sales price was $609,500, demonstrating stability with less than a 1% increase from the previous year. Homes remained on the market for a median of 34 days and generally sold for about 3% below the asking price. See the link below for the full report.
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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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See the link below for the fun activities happening around Austin in January 2025!
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