September Homes Sales Up and Down Across Austin

September was an interesting month for Austin and its surrounding metro areas. Single-family home sales dropped throughout the City of Austin during the month of September, but rose across the Austin-Round Rock MSA.

Looking specifically at numbers for the Austin area, the median price for single-family homes increased 8% compared to September of 2015 to $275,250. In addition, the number of single family homes sold in the Austin area alone rose 1% to 2,576. The number of days houses are staying on the market hasn’t changed since September 2015, and is holding strong at 47 days.

“Housing is at the center of all economic development. Nowhere is this more evident than at the intersection of housing affordability and mobility. As more and more homebuyers look outside of Austin’s city limits to find an affordable home, our region’s infrastructure is increasingly strained and the overall costs of homeownership rise because of the increased cost to commute,” said Aaron Farmer, President of the Austin Board of REALTORS­®.

Because communities outside the Austin area are growing in popularity as the City itself fills up, single-family homes in Williamson County spent an average of just 44 days on the market. Hays County homes were only on the market 48 days, which was 1 day less than in September of 2015.

The infographic below (courtesy of ABoR), gives a colorful illustration of the report’s full statistic.