Feb 20, 2017
Bull run to Austin sales
AUSTIN – Continuing its six-year bull run, Central Texas’ housing market kicked off 2017 with gains in both the number of home sales and the median sale price, according to the...
AUSTIN – Continuing its six-year bull run, Central Texas’ housing market kicked off 2017 with gains in both the number of home sales and the median sale price, according to the Austin Board of Realtors (ABOR).
The board said January saw 1,549 pre-owned and newly built houses change hands in the overall Austin metro area, 7 percent more than in January 2016.
The median price of homes sold last month was $279,990, a 9.8 increase over the prior January.Within the City of Austin, there were 469 home sales, up 9.8 percent year-over-year. The median price was $312,000, up 2.3 percent.
Housing inventory levels remained flat across the Austin-Round Rock metro in January 2017.
The supply of available homes in Williamson County and other markets is now on pace with inventory levels in Austin.
The inventory of single-family homes priced under $250,000 is now less than one month in many local markets across Central Texas.
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