Real Estate

Austin Luxury Real Estate Specialists reported that Compass, its parent company, announced its financial results for the third quarter ending September 30, 2024.

In October, active listings in the Austin-Round Rock-San Marcos metropolitan statistical area (MSA) rose by 9.3% to a total of 11,599, increasing the region’s months of inventory to 5.1 months, according to the latest Central Texas Housing Report…

The Amherst Group has announced plans to develop a new 145-home community in Lockhart, located just outside of Austin.

The City of Austin Housing Department, in collaboration with Saigebrook Development and O-SDA Industries, recently celebrated the grand opening of June West, a new mixed-income community located in the Brentwood neighborhood of North Austin.

A Realty Austin housing market report for August indicates that buyers have more options and negotiating power as the fall season begins.

International homebuyers have made a significant impact on the Central Texas economy, contributing $618 million from April 2023 to March 2024. This data comes from the 2024 Central Texas International Homebuyers Report released by Unlock MLS. The report highlights that foreign buyers accounted for 3% of all residential sales dollar volume in the Austin-Round Rock-San Marcos metropolitan statistical area (MSA). Closed sales increased by 2% year-over-year, reaching 1,020 sales, and the median closing price rose by 0.8% to $577,778.

In August, active home listings in the Austin-Round Rock-San Marcos MSA housing market increased by 15.4%, while the median home price dropped by 4.4% to $439,990, according to Unlock MLS’ August 2024 Central Texas Housing Report. These changes suggest more opportunities for buyers, although further decreases in home prices are necessary to significantly impact sales growth across the region.

In 2023, the number of women employed in the construction industry increased to approximately 1.3 million, representing 10.8% of the construction workforce. This marks a rise from 9.3% in 2002. As the industry continues to face a shortage of skilled labor, incorporating more women into the workforce is seen as a significant opportunity for future growth.

Hill International has announced the grand opening of its new office in Austin, Texas. This expansion marks a significant step forward for the company, which has been a global leader in program, project, and construction management for nearly 50 years.

Construction company Flintco announced that the concrete structure of the Modern Austin Residences in the Rainey Street district has been completed. To commemorate this milestone, Flintco held a topping-out ceremony, which included team members from the company, Urbanspace, Page Architects, and trade partners signing the final steel beam.