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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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November surges with home sales

redhouseoutlineCentral Texas home sales soared nearly 16 percent in November over the same month last year, keeping the Austin area on track for a sixth straight year of record volume, according to the Austin Board of Realtors.

In its latest report, the board said 27,107 houses have been sold through the end of November, 3.7 percent more than during the same period in 2015. Once December’s sales are tallied, the board expects 2016’s sales to top last year’s 29,068 transactions, which marked the fifth year in a row of record sales in Central Texas.

For the month of November, sales surged 15.8 percent, with 2,055 homes changing hands, the board said. The median sale price rose 7 percent, with half the homes selling for more than $294,245 and half for less. At the county level, Hays, Travis and Williamson all saw double-digit sales gains, of 24.2 percent, 11.3 percent and 14.7 percent, respectively.

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