November brought positive momentum to the Austin-area real estate market, with rising home sales, steady price growth, and continued buyer activity. While interest rates remain a factor, buyers and sellers alike are adjusting to the market’s new normal, setting the stage for opportunities as we move into the year-end. Here’s what the numbers—and the trends—mean for you.
The recent election results are already influencing expectations about the residential real estate market. With potential policy changes on the horizon, from corporate tax cuts to interest rate adjustments, buyers, sellers, and investors should be prepared to adapt to a shifting landscape. Here’s what to watch and how these factors might play out.
At Adam Timothy Group, our slogan is simple: “We Build Community.” For us, that means more than just buying and selling homes. It’s about ensuring Austin remains a city full of people who love it for whatever makes it special to them. Whether it’s the music, the food, the history, or the people, Austin thrives because of its unique blend of culture and community.
The current housing market is a tug-of-war between buyers hesitant to purchase due to high interest rates and sellers reluctant to list their homes. While both sides seem to be in a holding pattern, the reasons behind this are more nuanced than they appear. For those sitting on the fence, understanding these dynamics could reveal why now might be the perfect time to act.
Austin’s culinary scene has officially arrived on the global stage! In November 2024, the Michelin Guide unveiled its first-ever Texas edition, and Austin shone brightly as a star of the Lone Star State’s dining landscape. This prestigious honor cements Austin’s reputation as a must-visit food destination, where creativity, passion, and world-class flavors converge. From sizzling BBQ to elegant omakase and inventive fine dining, Austin’s chefs have captured the hearts—and taste buds—of Michelin inspectors, earning well-deserved accolades that celebrate the city’s vibrant and diverse culinary artistry.
In October 2024, the Austin-Round Rock Metropolitan Statistical Area (MSA) and the City of Austin exhibited notable shifts in the real estate market, influenced by evolving mortgage rates and broader housing trends.