ABoR Prices and number of homes sold increased, however townhome and condominium sales decreased.[/caption]

The price of single-family homes continues to rise, but nearly half of the homes purchased in the Austin area during February were outside of city limits.

According to the Austin Board of Realtors, 1,775 homes were sold in February—more than any previous February on record. Of the homes sold in February, 69 percent were priced at $200,000 or higher, which is out of an affordable price range for many Austin residents, according to ABoR. "This growing urban sprawl has put a strain on our region’s infrastructure," said ABoR President Barb Cooper in a news release. "Long-term and sustainable solutions for statewide transportation funding in addition to policies that allow more affordable housing options inside Austin’s city limits will be critical to making Austin an affordable place to live for all residents.” Housing inventory increased to 2.2 months compared with 2 months of inventory in February 2014, and active listings increased 9 percent. New listings increased 3 percent compared with last year. Townhomes and condominium sales and prices went down in February compared with the same timeframe in 2014. However, the number of properties leased increased by 10 percent compared with February 2014. February 2015 statistics
  •  1,775—Single-family homes sold, 5 percent more than February 2014.
  • $248,640—Median price for single-family homes, 8 percent more than February 2014.
  • $307,928—Average price for single-family homes, 5 percent more than February 2014.
  • 58—Average number of days single-family homes spent on the market, three days more than February 2014.
February 2015 statistics
  • 2,619—New single-family home listings on the market, 3 percent more than February 2014.
  • 5,142—Active single-family home listings on the market, 9 percent more than February 2014.
  • 2,278—Pending sales for single-family homes, 8 percent more than February 2014.
  • 2.2—Months of inventory* of single-family homes, 0.2 months more than February 2014.
  • $546,572,200—Total dollar volume of single-family properties sold, 10 percent more than February 2014.