Austin Real Estate Experiences the Hottest Summer Ever
According to the Austin Board of Realtor's August 2017 report, we just experienced the best summer selling season Central Texas has ever seen. This selling season is the strongest on record in terms of single-family home sales and median prices across the area. This was caused by the rise in home prices as well as the surge in sales.
Brandy Guthrie, 2017 President of the Austin Board of REALTORS®, commented: “The Central Texas housing market just experienced the strongest summer selling season on record. The Austin-Round Rock MSA saw record-breaking growth, during which median price topped $300,000 and home sales volume topped $1 billion four consecutive months in a row.”
While home sales increased and prices grew, housing inventory was also on the high-rise. This change is normal as we are seeing positive upticks in housing inventory across our region. Check out the August 2017 Stats below.