The Austin Board of Realtors recently announced the final sales for November of 2019. In the Austin-Round Rock Metropolitan Statistical Area, single family home sales in November experienced a double digit percent increase of 14.3%. This equated to 2,554 properties being sold. The median home price also increased by 1.7% to 305,000
This November’s home sales are considerably stronger than 2018 numbers, indicating the demand for housing in the
greater Austin area has not ebbed despite projections for a slowdown, Vaike O’Grady, Austin regional director for
Metrostudy, said.
“This time last year, we expected the housing market would slow, but that’s not been the case. We’re seeing very strong numbers for new homes across the board,” she said. “Because Austin is severely constrained, home builders are moving outward in search of lower land costs and development opportunity. The surrounding counties are going to continue to emerge with the current demand.”
The demand for houses in the Austin Metropolitan Statistical Area continues to be strong and inventory continues to be low which will lead to increasing prices. Each county in the Austin-Round Rock Metropolitan Statistical Area experienced a double digit increase. The Austin-Round Rock Metropolitan Statistical Area consists of Travis, Williamson, Bastrop, Hays and Caldwell counties.
