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Central Texas housing market breaks sales record in 2016

AUSTIN, Texas – Jan. 18, 2017 – The December & Year-End 2016 Central Texas Housing Market Report released today by Austin Board of REALTORS® reported 2016 as another record-breaking year for Central Texas home sales, while also showing signs that the housing market could begin to normalize in 2017.

“The Central Texas housing market is slowly beginning to align with long-term historical trends. Homes are spending more time on the market and the pace of both home sales and price growth is slowing,” said Brandy Guthrie, 2017 President of the Austin Board of REALTORS®. “This normalization does not necessarily mean a weakening housing market, but a return to less aggressive market conditions.”

Austin-Round Rock Metropolitan Statistical Area (MSA)

More than 29,000 (29,569) single-family homes were sold in the five-county MSA in 2016, a 3.9 percent increase from 2015 and an all-time high for annual home sales volume. Median price for

Home Sales rise in City of Austin, decline across Central Texas

AUSTIN, Texas – Nov. 17, 2016 – Single-family home sales jumped within the city of Austin but declined across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, according to the October 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Aaron Farmer, 2016 President of the Austin Board of REALTORS® said, “Home sales typically slow down in the fall, so it’s encouraging to see a surge of sales within Austin’s city limits last month. Much of this growth is being driven by new home sales in the city, which are up nearly 38 percent year to date. Homes within Austin’s city limits continue to be in strong demand, despite having a significantly higher price point than housing stock in surrounding areas.”

After relatively flat growth throughout much of the year, single-family home sales in the city of Austin jumped 7.5 percent year-over-year to 703

2015 sets all-time high for Austin-area home sales volume, prices

AUSTIN, Texas – Jan. 21, 2016 – Austin-area single-family home sales and prices set all-time records in 2015, as well as records for the month of December 2015, according to the December 2015 and Year-End 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.

December 2015 Austin Real Estate Market Statistics

Aaron Farmer, 2016 President of the Austin Board of REALTORS®, explained, “Demand for Austin-area real estate was stronger than ever in 2015, primarily due to our region’s job and ongoing population growth. However, low housing inventory levels, rising home prices and high housing development costs have brought Austin’s housing affordability issues to critical levels. Median price for single-family homes in the Austin area increased nearly $30,000 in the last year alone.”

According to the report, 29,068 single-family homes were sold in the Austin area in 2015, a five percent increase from 2014 and

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Central Texas housing market breaks sales record in 2016

Home Sales rise in City of Austin, decline across Central Texas

2015 sets all-time high for Austin-area home sales volume, prices