November 2017 Market Statistics

by INGA OVERSTREET on December 20th, 2017

Austin's November Numbers

AUSTIN, Texas – Dec 18, 2017 – Single-family home sales declined in the city of Austin but increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the second month in a row, according to the November 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “Due to rapid population growth throughout Central Texas, Austin continues to have one of the highest demands for housing in the nation. Homes sales are the strongest where price points are the lowest and where development options are available, such as parts of Williamson and Hays counties. We are seeing some slowing home price appreciation and housing inventory gains, which is normalizing us to a more stable market and aligning us with long-term historical market trends.”


Image Credit:Austin Board of Realtors

According to ABOR president Brandy Guthrie:

Even with the market normalization trends we are seeing, home sales volume throughout the Austin-Round Rock MSA is still on-pace with 2016 year to date,” added Guthrie. “If this month’s home sales volume exceeds that of December 2016, 2017 will most likely be another record-breaking year for the Austin-area housing market.”

 

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About Inga Overstreet | All Stories

Inga has lived and worked in Austin for over 17 years, owning 4 homes in 4 different neighborhoods, including Travis Heights, Westlake, Allandale and East Austin. Inga's passion for homes and connecting people to…

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