What does the typical Austin home shopper look like? We’ve got the scoop.
Long-time home shoppers with a penchant for well-constructed houses, the majority of Austin home buyers spend nearly a year searching for the home of their dreams. While 30 percent of Austinites prefer newly built homes to used homes, as many as 70 percent of Austinites have some degree of interest in buying new. Chasing favorable interest rates while combatting sky-rocketing rents in this growing city, the typical Austin homeowner will stay in their home for 13 years.
Looking for a home in the Austin area? How do you stack up?
- The Most Important Qualities to Look for in a Home
- Quality of Construction;
- Better floor plans;
- Safe neighborhoods;
- Energy efficiency; and
- Lower maintenance costs (as measured in both time and money).
- New Versus Used
- 30 percent of Austin-area home shoppers prefer newly built homes
- 30 percent of Austin-area home shoppers prefer used home
- 40 percent of Austin-area home shoppers are indifferent
- Why Buy a House?
- Favorable interest rates
- Becoming tired of one’s current residence
- The rising cost of rent
- Time Frame When Searching for a New Home
- The majority of buyers (33 percent) search between 9 and 12 months.
- Only 10 percent of buyers spend 6 to 9 months looking for a home.
- 23 percent of Austin-area homebuyers spend 3 to 6 months searching for a home.
- A mere 8 percent of home shoppers find a home in less than 3 months.
- Local Housing Stats
- The average Austin home was built in 1988
- The average Austin homeowner will stay in their home for 13 years
- Austin home shoppers are 49 percent more receptive to newly built homes than the national average
- 9 of 10 homes sold in the Austin area are used homes
- 83 percent of home shoppers in the Austin area will use a real estate agent
Ready to start your search for a newly built home in the Austin area? Check out New Home Source for the largest collection of new-construction home and new-home communities in the Austin area.