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In September, home sales in the Round Rock, Pflugerville and Hutto markets increased year over year. (Brian Rash / Community Impact Newspaper)
A September report by the Austin Board of Realtors showed that while Austin real estate sales plummeted, Round Rock, Pflugerville and Hutto sales rose.
In central Texas, home sales were down 5.1% year over year, but local sales were up 4.2% from last September.
In addition, the average home price in Round Rock, Pflugerville, and Hutto rose nearly 40% year-over-year to $ 472,765 – nearly double the 20.4% year-over-year increase for the entire central Texas market, where the average retail price is $ 498,352.
The figures show that while housing costs are still lower than central Texas as a whole, housing costs are in line with the regional average.
“The Austin housing market remains strong and competitive,” said ABoR 2021 President Susan Horton in the report. “However, more and more houses are coming onto the market, as evidenced by the increase in new listings in September, which opens up more options for buyers. While this is a positive step forward, there is still a long way to go before this is a balanced market. “
Quoting the Austin Chamber of Commerce, the ABoR report notes that several factors have contributed to the ongoing boom in the real estate market, including job growth and a diverse economy.
“The move of Tesla’s headquarters here has cemented Austin as a technology and innovation hub with the potential for endless possibilities,” said Laura Huffman, president and CEO of the Austin Chamber of Commerce. “The deliberate diversification of our region’s economy and significant job creation also brings challenges that we as local leaders must face.”
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https://communityimpact.com/austin/pflugerville-hutto/housing-real-estate/2021/10/21/round-rock-pflugerville-hutto-home-sales-stronger-than-greater-austin-market-in-september/
