Record-Breaking Year for Austin Home Sales
March 8, 2020 8:41 pm
If you’re looking for a home in a hot market, now is a good time to get in touch with a homebuilder in Austin TX. The city’s real estate market has been breaking records left and right.
The Austin Board of Realtors reported in January that 2019 saw new highs in the area’s home sales, both in terms of numbers of sales and the prices reached. For the first time in history, the median home sales price in Austin passed the $400,000 mark. The highest point was in July, when the median reached $420,000.
Across Central Texas, home sales in December 2019 were 9.2% higher than at the same time a year before. Central Texas includes Williamson, Travis, Bastrop, Hays and Caldwell counties.
In the Austin-Round Rock metro area, sales increased 7.2% between December 2018 and December 2019. The median home price there was $318,000. Homes in the metro area are only on the market for an average of 1.7 months before they are snapped up by eager buyers.
Within Austin itself, homes sell even faster. Average time on the market within city limits is slightly less than one month. This should be no surprise, since Austin is the fastest-growing city in the United States. A whopping 33,084 single-family homes were sold in Austin during the past year.
Between 2010 and 2019, the number of home sales in Austin increased by 84%. The median home price in 2010 was just $193,520. Clearly, buying into this market has been a great investment for homeowners.
Jump into the Austin real estate market now with one of our available new homes. Buffington has homes under construction now in some of the best new home communities in the greater Austin area. In the southwest sector, we have a great selection of homes in San Marcos at Trace and Blanco Vista. We also have homes available at Rutherford West in Driftwood.
In the northeast, we have homes under construction at The Colony in Bastrop, at Madsen Ranch and Villas at University Park in Round Rock, and at Shadow Glen in Manor.
Call or text Buffington Homes today at 512-856-5664. When you build with Buffington, you’re investing in your future with a beautiful, high-quality home by one of the top homebuilders in Austin TX.Tags: homebuilder in austin tx, homebuilder in manor tx, homes for sale austin tx
This post was written by Buffington Homes