Median home price in Lake Travis-Westlake market higher in 2019 than any other year on record

The Austin Board of Realtors recently published its annual market report. (Brian Rash/Community Impact Newspaper)
The Austin Board of Realtors recently published its annual market report. (Brian Rash/Community Impact Newspaper)

The Austin Board of Realtors recently published its annual market report. (Brian Rash/Community Impact Newspaper)

The Austin Board of Realtors released both its December and year-end 2019 Central Texas Housing Market Report on Jan 16. Results indicate more homes sold in the greater Austin area in 2019 than any previous year on record, with 33,084 homes selling for a total of $13.158 billion in sales volume.

Housing data in the Lake Travis-Westlake market, which contains the ZIP codes 78669, 78726, 78730, 78732, 78733, 78734, 78735, 78738 and 78746, also shows record breaking numbers, as the annual median price of $600,000 in 2019 is the highest it's ever been.

The ABOR report also shows monthly inventory in the Lake Travis-Westlake market decreased year-over-year by 0.4 months to 2.1 months in December 2019, which is the lowest for any December on record.


"Austin's unprecedented population growth during the past decade has heavily impacted the real estate market. Compared to 2010, home sales in 2019 increased by 84%," 2020 ABoR President Romeo Manzanilla said in a press release. "That type of exponential growth has put enormous pressure on the market, raising the median home price from $193,520 in 2010 to $318,000 in 2019. As we look forward to this year, the market is not showing signs of slowing down anytime soon.”
By Brian Rash
Brian has been a reporter and editor since 2012. He wrote about the music scene in Dallas-Fort Worth before becoming managing editor for the Graham Leader in Graham, Texas, in 2013. He relocated to Austin, Texas, in 2015 to work for Gatehouse Media's large design hub. He became the editor for the Lake Travis-Westlake publication of Community Impact in August 2018. From there he became a dual-market editor for Community Impact's New Braunfels and San Marcos-Buda-Kyle editions. Brian is now a senior editor for the company's flagship papers, the Round Rock and Pflugerville-Hutto editions.


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