Austin area home sales drop—median price keeps risingAustin area home sales drop—median price keeps risinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=142772016-08-23T05:00:00Z2016-08-22T18:00:00Z

​AUSTIN - Home sales in the Austin area tumbled almost 5 percent in July—the second month this year to see a sales drop—but prices continue to rise. 

That’s according to the latest monthly report from the Austin Board of Realtors (ABoR)​, which said the market remains healthy overall, even as affordability concerns loom.

Home sales in the five-county Austin metro area declined 4.9 percent from the prior July, with 2,900 houses changing hands. 

The metro area consists of Travis, Williamson, Hays, Bastrop, and Caldwell counties.

The last time Austin-area sales declined year-over-year was in January.

Among the area houses that sold last month, half went for more than $285,000 and half for less, marking a 5.6 percent jump in the median sales price, according ABoR.

With housing prices in the local market at record highs, it now takes 45 percent of the median income to purchase a median-priced home in Austin.​​ 

Austin American-Statesman
Austin-Round Rock

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