April 2017

Single-family home sales decline across Austin-Round Rock MSA, increase in Austin in March 2017

AUSTIN, Texas – April 20, 2017 – Single-family home sales declined across the Austin-Round Rock Metropolitan Statistical Area (MSA) and increased in the city of Austin in March, according to the March 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Analyzing a growing disparity in market conditions among housing price classes, the report underscored the need for policies that create additional housing capacity to meet the market demand and a broader range of housing types throughout the region.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Growing disparities in housing market conditions at all levels of pricing represent an urgent and immediate need to fill the ‘missing middle’ in the region’s housing stock. The City of Austin’s CodeNEXT Zoning Comparison released earlier this week has given us a more tangible view of that need and confirmed the Austin Board of

Home sales growth slows across Austin-Round Rock MSA, declines in local markets in February 2017

AUSTIN, Texas – March 16, 2017 – The February 2017 Central Texas Housing Market Reportreleased today by the Austin Board of REALTORS® showed a slowdown in single-family home sales growth throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in February 2017, indicating that the Central Texas housing market is beginning to normalize to more stable market conditions.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth. It’s important to remember that current figures are being compared to very strong housing market activity in 2016, so a decline in home sales growth does not automatically mean that the market is softening.”

Mark Sprague, State Director of Information Capital for Independence Title, agreed: “Low inventory levels, high home prices and slowing job growth across the region are preventing a

Central Texas housing market starts Jan 2017 strong with gains in home sales volume, prices

AUSTIN, Texas – Feb. 16, 2017 – Single-family home sales posted strong gains throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in January, according to a new and expanded Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region. The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local communities upward.”

Single-family home sales in the Austin-Round Rock MSA increased 7.0 percent year-over-year in January 2017 to 1,549 home sales. In the city of Austin, single-family home sales jumped 9.8 percent annually to 469 home sales during the same time frame.

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Single-family home sales decline across Austin-Round Rock MSA, increase in Austin in March 2017

Home sales growth slows across Austin-Round Rock MSA, declines in local markets in February 2017

Central Texas housing market starts Jan 2017 strong with gains in home sales volume, prices