The Austin Board of REALTORS® recently reported that Austin-area home sales and the median prices for those homes both hit all-time highs in July.
That July record also extended to the number of sales and the median home-sales price inside the Austin city limits.
According to ABoR’s monthly housing report, a total of 3,439 homes were sold in July across the five county area. That number represented an 11.7% increase over July 2018′s sales volume. The median price for those homes enjoyed a record increase of 3.2% to $310,500.
Buddy Schilling, Austin Division President at JBGoodwin REALTORS® adds, “The Austin market is on pace for another record sales year. Jobs, jobs, jobs and population growth are driving the economy. Austin is a great investment opportunity.”
Inside the city of Austin, there were 943 home sales, representing the most for any July on record.
In addition, Austin’s median home-sales price reached $410,000 in July, which was also a record and an increase of 6.9% over July 2018.
In Williamson County, home sales increased 15.4% and the median price increased by 3.8%, to $292,000.
In Bastrop County, July saw home sales rise 41.1%, with the median sales price rising 11.3% to $256,868.
In Hays County, the sales increase was 22.4% with the median sales prices reaching $265,000.