I always love getting real estate market reports from ABOR (Austin Board of Realtors) and this one is an eye-opener! In February 2019, Central Texas Realtors sold more homes than any other February on record! In fact, year-over-year home sales increased 6% in 2019 from 2018.
As I’ve been seeing myself over the past few months, inventory is moving fast and in communities like Lakeway, inventory is also low. But there’s been a rise in active listings and as a result, this will balance out the Austin (Metro) housing market.
Here’s what ABOR has to say about Travis County:
February single-family home sales increased in Travis County by 1.5 percent to 986 sales and sales dollar volume increased by 1.3 percent to $436,338,563. The median price for single-family homes rose 1.2 percent year over year to $344,000 in February 2019. During the same period, new listings increased 5.8 percent to 1,502 listings; active listings increased 10.8 percent to 2,518 listings; and pending sales rose 11.8 percent to 1,303 pending sales. Monthly housing inventory increased 0.2 months year over year to 2.0 months of inventory.
Of course, anyone who lives in out here in the Lake Travis area knows that even though 1.5% sound small, there are other factors to consider. It’s still moving in the right direction. But if you want to see some really amazing numbers, check out what happening with our neighbors to the east in Bastrop:
In February, Bastrop County single-family home sales increased 32.2 percent to 78 sales and sales dollar volume increased 41 percent to $18,842,816. The median price for a single-family home increased 8.8 percent to $233,989. During the same period, new listings rose 32.1 percent to 107 listings; active listings rose 49.5 percent to 302 listings; and pending sales rose 42.7 percent to 97 pending sales. Housing inventory increased 1.1 months to 3.5 months of inventory.
Look at that growth! Is that an indicator of things to come or what? Neighborhoods in Bastrop like Circle D Estates, Wyldwood, City Center and Camp Swift are very attractive to buyers. It’s appealing to families with children because Bastrop ISD is smaller, so class sizes in public school are more like 15 students per class, as opposed to larger school districts in the Austin area.
Follow Amber Hart Homes on Instagram for the latest in luxury real estate and what’s buzzing in the communities we call home.