While most of the Austin area saw stagnant or declining growth in home sales, the number of single-family home sales in Northwest Austin rose 3.5 percent in February compared to the same time last year.
However, ABoR President Brandy Guthrie said a slowdown does not mean the marketing is softening because 2016 was a very strong year for real estate.
“Low inventory levels, high home prices and slowing job growth across the region are preventing a resurgence of the record-breaking numbers experienced the last two years, but overall the region’s housing market remains very strong,” said Mark Sprague, state director of information capital for Independence Title in a statement. “The Central Texas housing market is normalizing into a more stable market.”
See how Northwest Austin compares with other jurisdictions.