CENTRAL TEXAS - Across Central Texas, home sales in August rose by over 5 percent compared to last year with the largest annual gain in home sales being in Hays County, according to the Austin Board of Realtors Thursday.
In what ABoR calls the Austin-Round Rock Metropolitan Statistical Area (MSA), home sales rose to 2,985 home sales in August 2016 while median home price increased 9.4 percent year-over-year to $289,990.
According to ABoR, the largest annual gain in home sales in August was in Hays County, where single-family homes jumped 23.3 percent year-over-year to 377 home sales. That jump happened specifically in Buda, San Marcos and New Braunfels.
In Williamson County, however, home sales were flat in August, increasing .7 percent year-over-year to 1,035 home sales. Single-family home sales decreased slightly in Williamson County's major cities with the exception of Leander. Leader saw a 3.6 percent increase in home sales.
Single-family home sales also remained flat in the City of Austin in August with an increase in .8 percent year-over-year to 868 home sales.
“Austin, and now the Central Texas region at large, continues to be a magnet for jobs and new businesses across multiple industries," said Aaron Farmer, president of ABoR. "This continues to keep housing demand at an all-time high and inventory at near-record lows despite strong housing development and a greater number of listings on the market.”