Austin Housing Market Update Seeing Green

Austin Real Estate Keeps Improving

Austin Home Sales Way Up While Prices In February Reach Record High.

Austin Home Sales and the Real Estate Market in general have swum out to sea long enough looking for that elusive break heading back they can start riding to the more stable shores we’ve come to long for. ABOR has just released the latest Multiple Listing Service report and according to the Austin Board of Realtors®, just under 1800 single-family homes were sold in February throughout the Austin area. That’s a 9% increase over the prior year during the same time. The Median price for one of our amazing Austin area homes was just over $230,000, also a big jump over same time last year to the tune of an 11% increase. Not such a weird place now, huh?

Says Bill Evens, ABOR President for 2014, ““The Austin-area housing market continues to be strong and home buyers remain aggressive. Sales are increasing year-over-year and rising home starts have begun to offset Austin’s shrinking housing inventory. These factors taken together make it look like we will have a great real estate year in 2014.” Continue reading “Austin Housing Market Update Seeing Green”