Single Family Home sales biggest ever

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.

Looking to avoid the crazy housing market and rent?  Austin Apartments Now can help!  Give us a call today at 512-258-8224 to find your perfect apartment anywhere in Austin or the suburbs!