May 18, 2017
Austin housing prices rise as market thrives
AUSTIN – Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000—the second-highest level ever, the Austin Board of Realtors...
AUSTIN – Central Texas home sales rose just over 3 percent in April and the median price of those sales hit $305,000—the second-highest level ever, the Austin Board of Realtors reported.
The median also set a record for an April 2017.
The region’s job and population growth continue to fuel strong demand for housing, but low inventory has been pushing prices higher for some time, experts say.
The board reported 2,640 home sales in April for the Austin metro stretching from Georgetown to San Marcos. That’s a 3.2 percent increase over April 2016, the board said.
In the City of Austin, there were 827 home sales, up 2.2 percent over April 2016, the board said. Austin’s median price increased 4.1 percent to $370,600.
At the county level, home sales were up 8.6 percent year-over-year in Williamson County and 3.3 percent in Hays County. Travis County, however, saw a 2.1 percent decline.
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