Articles

What's On the Horizon

March 2022

Real Estate Market Report

AUSTIN, TX —According to the Austin Board of REALTORS® (ABoR) February Central Texas Housing Report, closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market. 



Statistics for Homes in Austin-Round Rock MSA

Median Sales Price
$ 0

+15.8%increse

Total Homes Sold
0

+16.2%increse

Days On The Market
0

-25 decrease YTD

Pending sales
0

+40.8% increase

Months on inventory
0

-1.1 Months

Total sales volume
$ 0 B

+41.1% increase

184 Net New Residents Per Day

According the Austin Chamber of Commerce, Austin is receiving 184 net new residents per day.  This number is calculated by adding the 146 net migrations plus the 38 net new residents.
 
 



State Migration into Texas in 2020

The movement of Californians to Texas is not new.  In 19 of the last 20 ears, California ranked as the top move-to-Texas state.  The only exception was Louisiana in 2005 as the result of Hurricane Katrina.  The share of Californians relocating to Texas has increased every year since 2011.

Fed Raises Interest Rates for First Time Since 2018

The Federal Reserve lifted its benchmark Federal Funds Rate by 0.25% to a target range of between 0.25% and 0.5%.

100 Homes to be 3D printed in 2022

Austin will house the world’s largest community of 3D printed homes as construction is scheduled to get underway this year.
 
Lennar Homes, one of the country’s largest homebuilders is specializing in large scale 3D printing.  The president of Lennar stated that, “Labor and material shortages are two of the biggest factors pushing the dream of home ownership out of reach for many American families.”  So, Lennar recently invested $207 million with ICON’s 3D printing technology. 
 
ICON says its 3D printing technology produces resilient, energy-efficient homes faster than conventional construction methods with less waste and more design flexibility…. without compromising quality, beauty, or sustainability.
 
 

Stage Your Home to Sell

 

Austin will house the world’s largest community of 3D printed homes as construction is scheduled to get underway this year.

Job Growth Rate – Best Performing Top Metros

The Austin MSA ranked second in the nation out of the top 50 metros in terms of job growth rate.  Over a two-year period, Austin added 49,200 jobs which resulted in a 4.3% increase in job growth for the city.