“Home sales jump in Williamson County, across Austin-Round Rock Metropolitan Area in May 2016”
According to the May 2016 Central Texas Housing Market Report, single-family home sales increased by double-digit margins across the Central Texas region, rising 13.2 percent annually to 4,297 home sales in May 2015. In the five-county MSA (the Austin-Round Rock Metropolitan Statistical Area), single-family home sales rose 9.9 percent year-over-year to 2,909 home sales during the same time frame.
Austin unemployment recently hit a 16-year low. Tech companies continue to fuel employment growth in Northwest Austin and in turn, are driving home sales growth. With the low inventory levels and high demand within the City of Austin, more homebuyer look outside of Austin’s city limits for affordably price housing.
“Strong gains in both pending sales and active listings both in Austin and regionally indicate a strong summer selling season could be ahead,” concluded Aaron Farmer. Now is a great time to invest in the A List Partners REI Fund as we will be working on several housing developments in the area in the near future.
– Shen Bao, Accounting Intern
Original Article: http://www.abor.com/statsmay16/