Central Texas housing market strong in first half 2016

​AUSTIN – ​​​Single-family home sales and prices had strong gains throughout Central Texas in the first half of the year, according to the June & Mid-Year 2016 Central Texas Housing Market Report released by the Austin Board of Realtors.

Single-family home sales in the five-county area rose 6.1 percent year over year to 14,482 sales in the first half of 2016, while the median price rose 7 percent year over year to $282,000. Listings were also up, with active listing​​s increasing 6.6 percent to 5,290 and new listings rising 5.7 percent to 20,060. Pending sales rose 7.2 percent to 15,909.

Sales dollar volume in the Austin-Round Rock area was just over $5 billion, an 11.5 percent increase from the first six months of 2015.

Single-family housing market activity was strong last month as well, with sales jumping to 3,219, an 8.5 percent increase compared with June 2015. Median price rose 8.2 percent to $295,500. Monthly inventory was unchanged at 2.5 months, less than half of the Real Estate Center’s benchmark of 6.5 months as a balanced housing market.