Median home prices only rose 1.1 percent in Northwest Austin for 2018 compared to the previous year, showing just modest growth in the real estate market. Compared to the Austin metro, Northwest Austin—defined by the ZIP codes of 78726, 78727, 78729, 78750, 78758 and 78759—had a slower increase in the median price of homes for 2018, according to data released Jan. 22 by the Austin Board of Realtors. In December, the number of homes sold in Northwest Austin dropped 18.8 percent compared to December 2017. The median home price in December also dropped by 5.4 percent to $350,000 compared to the previous year. Here’s a look at how the area real estate market fared in 2018: The median home price of homes in the Austin metro remained relatively stable.
Overall, the number of homes sold in the Austin metro area saw minimal increases.
Homes continue to become less affordable in the Austin-Round Rock metropolitan statistical area. The total dollar volume of homes sold in 2018 grew at a faster rate than the number of homes that sold. The dollar volume numbers across the board broke records, according to the ABoR. In the Austin metro, 30,713 homes were sold, bringing in $11.9 billion in sales. In 2017, 30,059 homes were sold, bringing in $11.2 billion in sales.