Central Texas Home Sale and Median Price See July Records

Posted by The JBGoodwin Team on Tuesday, August 27th, 2019 at 1:57pm.

Central Texas home prices in July 2019
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.

For more information on Austin real estate, reach out to one of our expert agents at JBGoodwin today!

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