Archive for the 'Austin Rental Market' Category
Austin Rental Market Update - 2007-2006 Comparison
Closed Published by Steve Crossland March 13th, 2008 on Austin Real Estate Blog - Austin TX Real EstateFor 2007, the Austin Rental Market continued to see gains in average and median rental rates for single family homes. But we still lag behind the rental rates landlords enjoyed 6 and 7 years earlier, if you can believe that. The graph below shows where we were in 1999 through 2007. You can see the […]
Austin Rental Market Update - thru Oct 2007
Closed Published by Steve Crossland November 24th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin Rental Market keeps chugging along. Not much new to say for the stats report this month as the steady climb in rents continues. Average rental rate is up 5.7% from a year ago, to $1354 (though down from last month due to our seasonal shift). But remember, average rents in Austin are still […]
Austin Rental Market Update - September 2007
Closed Published by Steve Crossland October 29th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe rental market in Austin remains strong, helped further by the fact that there are in fact some qualified buyers who are electing to rent instead of buy because they fear that there is an Austin Real Estate bubble, and they don’t want to buy into that bubble. I’m not going to go into several […]
Austin Rental Market Update - August 2007
Closed Published by Steve Crossland September 30th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin rental market saw rising rental rates again for August 2007, up 2.4% over last year to $1384 per month. Not a rise worth celebrating, but a gain nonetheless. The number of homes rented fell 5% though, from 806 last August to 765 this August. This may be due to fewer renters moving to […]
Austin Rental Market - July 2007 stats update
Closed Published by Steve Crossland August 26th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin rental market continues to see rising rents. The mortgage problems in the sub-prime mortgage loan market are helping rental markets in all parts of the U.S., as renters who should not be qualified to purchase a home are indeed remaining renters, as they should. Austin has the added benefit of a strong job […]
Austin Rental Market Update - June 2007 and Mid-year Stats
Closed Published by Steve Crossland July 29th, 2007 on Austin Real Estate Blog - Austin TX Real EstateRents continue increasing overall in Austin, as the number of homes rented drops. The average leased price of a home in Austin for June 2007 is $1364 per month, up 7.5% from $1269 in June of 2006. Average days-on-market for homes rented in June 2007 was 41 days. The median days on market was 28 […]
Austin Rental Market - May 2007 Update Stats
Closed Published by Steve Crossland June 16th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe average rental price in Austin is up 7.6% from May of last year to $1377. The Median rental rate is up 3% to $1175/mo. Days on Market is down 27% and number of homes leased is down 15%. In short, our Austin rental market for single family homes continues to chug along very well, […]
Austin Rental Market - April Update
Closed Published by Steve Crossland May 10th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe number of homes leased in Austin this April 2007 dropped quite a bit from April 2006, down 17% from 671 homes leased last year to 554 homes leased in April of this year. I’m not sure why that is, but I’ll talk to some property managers and see if they are having more renewals […]
Austin Rental Market Update - March 2007
Closed Published by Steve Crossland April 9th, 2007 on Austin Real Estate Blog - Austin TX Real EstateAverage rents for single family homes in Austin jumped 10% in March 2007 over the same month a year ago, to $1301 per month. Median rent increased 8% to $1195, meaning half of all homes in Austin lease for more than $1195 and half for less. Average days on market for rental homes fell 18% […]
Austin Real Estate - Rental Market Update Feb 2007
Closed Published by Steve Crossland March 11th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took […]