Austin home sales, median price set Nov. records

AUSTIN – The holiday season has arrived but Central Texas isn’t seeing the typical slowing that occurs in many housing markets late in the year, according to local agents and the latest market figures.

November marked the third straight month that home sales volume and the median sales price hit record territory in the Austin area, according to the Austin Board of Realtors (ABoR).

Home sales rose 5.6 percent in November compared with the same month in 2013, and the area’s median sales price was up just over 11 percent.

The median price set a November record, with half of the homes selling for more than $245,000 and half for less than that amount, according to ABoR.

The 1,934 sales in Austin also were the most on record for a November, up from 1,831 sales in November 2013.

The supply of available homes continued to lag demand, even though listings increased 9 percent year-over-year.

For a snapshot of November’s housing sales in Austin, see previous story ABoR: Austin area home sales Nov. 2014.