Austin Area Market Stats

Dated: 01/31/2017

Views: 110

Image title

The Austin real estate market continues to thrive as 2016 saw some record numbers.

Last year, the greater Austin area experienced record home sales with consumers buying over 29,500 single-family homes, a 3.9% increase from 2015.  The average home sold for $284,000 and for the first time ever, the Austin area dollar volume topped 10 Billion. 

City of Austin – 2016 sales were up 1.7% from 2015.  The median price was $340,000, up 5.8%

Travis County – the median home price jumped by 6.5% to $330,000

Williamson County – they saw a 2.5% hike in sales with a median home price of $260,000, up 6.2% from 2015

Hays County – sales were up by 7.3% with a median home price of $243,000, up 5.2% from 2015

Outlook for 2017 – All indications point to 2017 being another strong year but not maybe as record setting as 2016.  For several years, job growth has been a major factor for the strong real estate market.  Currenlty, the area job growth rate is over 2% with many buyers still moving into the Tri-County area.

Do you know what is happening in your neighborhood?  Reach out to us anytime for questions or for the latest information.

Blog author image

Grant Gold

Grant has been doing real estate in the Austin area since 2007. In the early part of his real estate career, he had to learn very quickly how to navigate an extremely difficult down market when 1 of ....

Latest Blog Posts

Home Buying Check List

So you are ready to purchase a new home?  Where do you start?  Too many times buyers are not sure what steps are needed to get started.1.  Time line.  How soon do you plan to

Read More

Farm Style Living With A Modern Touch Near The City

Located one and a half miles South of Dripping Springs, Howard Ranch is a community focused on historical architecture, Hill Country living and memories. These are the homes built during the

Read More

Spring Cleaning

Spring is in the air and with that comes spring cleaning! What a great way to kick off Spring. Starting with pulling back the shades to let the sun in then opening up the windows to

Read More

2018 New Home Housing Forecast

The 2018 New Home Housing Forecast is around 17,000 homes.  This is a slight rise from 2017.  This is an anticipated estimate from the demand of buyers moving to the area.  Another

Read More