The Summer of 2017 will be remembered as the strongest ever for Austin's Real Estate Market, Austin Culturemap reports.
The Austin-Round Rock metropolitan area had more housing sales at higher prices than ever, with the median price exceeding $300,000 and home sales totaling over $1 billion each month for May, June, July, and August.
In August, home sales were up 1 percent in the area and 6 percent in the city of Austin. The median price for the metro area was $300,000 and the median price for just the city was $361,000.
Although home inventory was also up, that won’t lead to a decrease in prices anytime soon. Demand is just too high. However, it may lead to a slow-down in the rapid growth of home prices in the area.
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