Median South Central and Southwest Austin January 2018 home prices increased by 11.8 percent since January 2017, according to real estate data released Jan. 15 by the Austin Board of Realtors, or ABoR.

The region's January home prices were higher than both the statewide and Austin-Round Rock Metropolitan Statistical Area, or MSA, averages; the region’s median home price is above the Travis County average by $19,000.

“In 2018, Central Texas’ housing market will continue to see an increase in both sales and price, despite inventory levels remaining low,” said Jim Gaines, chief economist of the Real Estate Center at Texas A&M University. “The housing demand and lack of inventory is so great that if supply does not increase, we could see an upwards of 5 percent growth in median home prices within the Austin-Round Rock MSA. Inventory will be a determining factor in the direction of this year’s market.”

January statistics from the Austin Board of Realtors show: