Experts see strong 2017 for Austin-area housing marketExperts see strong 2017 for Austin-area housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=156322017-01-23T06:00:00Z2017-01-23T20:00:00Z

​​AUSTIN – ​2017​​ is expected to be another strong one for the Central Texas housing mark​et, according to the forecast local expert Eldon Rude delivered​ recently.

​Last week, the Austin Board of Realtors said the median home-sale price in the Austin-area hit a calendar-year record of $284,000, up 7.2 percent over 2016’s median.

With a continued low supply of available houses compared to demand, home prices are expected to keep rising this year, Rude said. 

Rude said the region has had a housing supply of less than four months for more than four years.

Austin area home starts

Metrostudy released its fourth-quarter and annual starts total for 2016 for the Austin-area.

Builders started construction on 14,462 houses last year, up 24.5 percent from 2015, Metrostudy reported.

During the last three months of the year, builders started work on 3,794 homes, a 39.1 percent jump compared with the final quarter 2015.

Nearly half—46 percent—of the quarterly starts were priced between $200,000 and $300,000, with the biggest increases coming along the Texas 130 corridor and down into Kyle and Buda, Metrostudy reported.
Austin American-Statesman
Austin-Round Rock

​Don't forget to check out Austin Housing Market Research​.​

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