"'The market is active and resilient': Austin area sees uptick in home sales"
Posted by Grossman & Jones Group on
Austin American-Statesman writes, "Resilient.
That's the status of the Austin-area housing market as of August, when it saw its first year-over-year increase in home sales since early 2022, the Austin Board of Realtors says.
In its latest monthly report, the board said 2,939 houses changed hands last month in the five-county Austin region, which extends from Georgetown to San Marcos.
The sales represented a 1.4% increase over August 2022. It was the first increase in sales in the Austin region since February 2022, before repeated interest rate hikes by the Federal Reserve to ease inflation began sharply slowing home sales throughout Central Texas.
Across the Austin-Round Rock metro area, half of the houses last month sold for more than…
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