Central Texas home sales up 3.9 percent last year

​​​​AUSTIN –The December & Year-End 2016 Central Texas Housing Market Report released by the 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.

Last year, 29,569 single-family homes were sold in the five-county MSA, a 3.9 percent increase from 2015 and an all-time high for annual home sales volume. Median price for single-family homes rose 7.2 percent to $284,000, while home sales dollar volume jumped 9.1 percent to nearly $10.5 billion. 

Homes spent an average of 50 days on the market in 2016, an increase of two days from 2015.

Housing inventory levels remained unchanged from year-end 2015 to year-end 2016, ending December 2016 at two months of inventory. 

In December, single-family home sales rose 1.9 percent year-over-year to 2,373 home sales, while median price rose 6.9 percent to $290,000.​

The full report can be found at www.abor.com/statsdec16/​​.