May saw the highest number of home sales ever in the Austin-Round Rock region. $1.2 billion in total, Austin Culturemap reports.
The Austin Board of Realtors found that sales of single family homes in the Austin area were up 9 percent over a year ago and the median home price was up to $310,000. This is the first time this year that home sales exceeded $1 billion and points to a busy selling season this summer as well.
In the city proper, home sales increased nearly 10 percent over a year ago and the median price was up 9 percent to $380,000. The median price for 2016 was $340,000.
The Austin Board of Realtors expects home prices to continue to climb. Although housing is being added, it’s in the higher echelons, not at entry prices. Most first-time homebuyers need to look to the suburbs in Hays (median price $262,250) or Williamson (median price $284,375) counties to find more affordable homes.