May 2016 ABOR Market Report
AUSTIN, Texas – June 21, 2016 – Single-family home sales jumped in Williamson County and across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May 2016, according to the May 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.
“Housing demand continues to be at an all-time high in the Central Texas region, with properties priced under $500,000 selling rapidly,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS®. “Williamson County homes are among the most popular in the region due to the county’s highly-rated school districts, access to major thoroughfares and proximity to major employment hubs in Austin.”
Williamson County’s population is less than half that of Travis County, yet only 424 more single-family homes were sold in Travis County than Williamson County in May 2016. Williamson County home sales surged 19.5 percent year-over-year in May to 1,028 single-family home sales.
Single-family home sales also increased by double-digit margins across the Central Texas region, rising 13.2 percent annually to 4,297 home sales in May 2016. In the five-county MSA, single-family home sales rose 9.9 percent year-over-year to 2,909 home sales during the same time frame.