October 2017 Market Report

[David Ivy]

The October 2017 Central Texas Housing Market Report is out from the Austin Board of REALTORS®. Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area last month compared to October 2016. However, single-family sales were down again by 1.7% year-over-year. Low housing inventory is a continuing constraint on sales:

Here are the basic stats on single-family home sales for October 2017 for the City of Austin and the greater Austin area:

Investors looking to meet the demand are finding it difficult in Austin:

This is a major issue to be addressed in CodeNEXT, the first major overhaul of Austin's land development code in 30 years:

You can view the full report from ABoR here.