The typical Austin home that went under contract in December spent a record 106 days on the market, compared with 60 days nationwide. A decade ago, Austin was one of the fastest markets. Unsustainable price growth in recent years along with a homebuilding boom have left Austin with more sellers than buyers. That means the […]
Austin, TX—Once Among the Nation’s Hottest Housing Markets—Is Now the Slowest Read More »
Nationwide, there are an estimated 37% more sellers than buyers—a near-record gap that’s giving buyers across the country negotiating power. There are seven metros where sellers outnumber buyers by at least 2-to-1, and all but one are in Texas or Florida. There are five remaining seller’s markets, the strongest of which is Newark, NJ. Sale
The rising cost of housing and the increasing frequency of natural disasters are slowing migration to certain Florida and Texas metros. The flow of U.S. residents moving into Florida, Texas and other parts of the Sun Belt slowed significantly in 2024. Tampa had a net inflow of just over 10,000 residents in 2024, less than
Condo inventory is soaring and pending sales are dropping in major Florida and Texas metros like Miami, Jacksonville, Austin and San Antonio, causing prices to decline. Surging HOA fees, high insurance costs and destructive natural disasters are making buyers question the feasibility of owning a condo. Condo prices are falling in major Florida and Texas
Florida and Texas Condo Supply is Piling Up As Sales Slow Amid High HOA, Insurance Costs Read More »
