breaking news

Health care amendment defeated in Senate vote

Central Texas home sales, median price rise in September


Homes sales and prices were both up last month in the Austin area last month compared to the prior September, the Austin Board of Realtors said Tuesday.

In its latest monthly report, the board said 2,576 single-family homes changed hands in September, 1.3 percent more than in September 2015. The median sales price was $275,250, up 7.5 percent year-over-year. The report covers sales in Travis, Williamson, Hays, Bastrop and Caldwell counties.

Within Austin’s city limits, home sales declined 4.5 percent year-over-year to 746 home sales, while median price saw a double-digit increase of 10.6 percent, rising to $345,000.

In September, fewer than one in three homes sold in the Austin area were within Austin’s city limits, further evidence that it’s time to act to improve housing affordability and mobility in the region, the board said.

“As more and more homebuyers look outside of Austin’s city limits to find an affordable home, our region’s infrastructure is increasingly strained and the overall costs of homeownership rise because of the increased cost to commute,” Aaron Farmer, the board’s president, said in a written statement.

The board is urging support for the City of Austin’s $720 million mobility bond proposition which aims to ease congestion, among other goals.

“Both Austin’s current housing stock and infrastructure are not sustainable for our region’s projected population growth, which is expected to double by 2040,” Farmer said.


Reader Comments ...


Next Up in Business

Boutique Canopy hotel planned for West Sixth Street
Boutique Canopy hotel planned for West Sixth Street

Plans are coming together for a new boutique hotel with a ground-floor restaurant on West Sixth Street, according to a filing with the city of Austin. Documents indicate the hotel, which would be affiliated with Hilton’s relatively new Canopy brand, would be built on the site of a now-vacant building at 612 W. Sixth St. That building formerly...
Amazon CEO Jeff Bezos takes Bill Gates' place as world's richest man
Amazon CEO Jeff Bezos takes Bill Gates' place as world's richest man

Jeff Bezos, CEO of Amazon and owner of The Washington Post, is the richest man in the world, taking the spot previously held by Microsoft founder Bill Gates, Forbes reported Thursday.  Bezos, who owns just under 80 million shares of Amazon, had a net worth of $90.6 billion when markets opened Thursday, which put him $500 million ahead of...
BUSINESS DIGEST: Austin’s Alchemy Systems acquires Montana company

ACQUISITIONS Alchemy Systems acquires Montana company Austin-based Alchemy Systems, a company that focuses on providing training for the food and retail sectors, said Wednesday that it has acquired Wisetail, a Montana firm. A purchase price was not disclosed. Wisetail, Alchemy said, “has gained wide acclaim for providing restaurants, retailers...
Austin’s Alchemy Systems acquires Montana-based firm

Austin-based Alchemy Systems, a company that focuses on providing training for the food and retail sectors, said Wednesday that it has acquired Wisetail, a Montana firm. A purchase price was not disclosed. Wisetail, Alchemy said, “has gained wide acclaim for providing restaurants, retailers and franchises a modern employee learning and engagement...
Austin gets nonstop flights to skiing hot spot
Austin gets nonstop flights to skiing hot spot

Add another city to the list of non-stop destinations you can visit via Austin-Bergstrom International Airport. Discount carrier ViaAir said Wednesday that it will begin service from Austin to Hayden/Yampa Valley Regional Airport in Steamboat Springs, Colo., on Dec. 13. Tickets are already for sale at flyviaair.com. The seasonal service will operate...
More Stories