Central Texas Housing Market Report - July 2017

July 2017 Market Summary Report for Central Texas; including Austin area, Travis, Williamson, and Hays Counties:

• The pace of single-family home starts in the Austin area are at their highest level in 10 years.
• Approximately 1,000 more home starts in the second quarter of 2017 than the year prior. More than half of these home starts were in the $250,000 - $299,999 price category, with Cedar Park/Leander West, Pflugerville and Kyle/Buda comprising nearly one-third of home starts activity.
• The median price for single-family homes continued to rise in July 2017, increasing  to:
  • $369,900 - up 7.2 percent year-over-year in Austin area
  • $270,000 - up 13.1 percent in Hays
  • $359,865 - up 7.4 percent inTravis County
  • $274,450 - up 4.4 percent in  Williamson County.
• In same time frame, active listings for single-family homes  jumped by:
  • 16.9 percent year-over-year to 7,965 in Austin area jumped
  • 20 percent in Hays County,
  • 13.3 percent in Travis County,
  • 26 percent in Williamson County, and
  • 10.2 percent in the city of Austin.