Monday, September 25, 2017

Austin Real Estate Market Hotter than Ever

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.

Looking to avoid the housing market stress and rent an apartment?  Austin Apartment Specialists South can help!  Give us a call today at 512-912-8000!

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