AUSTIN, Texas – March 21, 2016 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased by 2.9 percent to 1,783 home sales in February 2016 compared to the same month the year prior. Median single-family home price also increased 8.0 percent year-over-year, reaching $269,900 in February 2016.
This continued market growth further emphasizes the need for major improvements to reshape the transportation future of Central Texas.
February 2016 Austin Real Estate Market Statistics
Aaron Farmer, 2016 President of the Austin Board of REALTORS®, explained, “The challenges facing our region’s infrastructure are approaching critical mass. Austin-area residents are relocating farther and farther outside of Austin due to affordability issues and yet are spending more and more time stuck in traffic each year. With the rate our region’s population is growing, this is simply not sustainable.”
ABoR’s Transportation