Austin, Texas Housing Market Report
Austin Market Analysis Through September 2019.
As the summer selling season came to end, August Austin-area home sales continued to increase, while listings on the market decreased compared to the same month last year.
The Austin Board of Realtors latest central Texas housing market report indicates the imbalance between supply and demand – which continues to drive up the cost of homes in August – will persist beyond this Summer’s sales activity.
“While it’s typical to see a decrease in housing inventory and listings at the end of the Summer, the continued year-over-year decrease in supply is proof that Austin’s housing stock is critically limited,” Kevin P Scanlan, 2019 President of the Austin Board of Realtors, said.
“We’re encouraged by the city council’s stated commitment to creating more housing capacity, increasing the supply and variety of housing is the only way to ensure a more balanced market.
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