July 2017 home sales dropped 15 percent compared with July 2016 in Northwest Austin, but that did not stop the median home price from rising 13.9 percent. This increase in home prices stays in line with the trend of the past several years. “In years past, the high demand of the summer selling season has further constrained inventory levels and further pushed up home prices,” Brandy Guthrie, president of the Austin Board of Realtors, said in a news release. However, Northwest Austin’s declining home sales and rising median price is an outlier compared with the entire city of Austin and Travis and Williamson counties. Homes in Northwest Austin also spent the least amount of time on the market compared with the city and counties. Months of housing inventory—the time it would take for all homes on the market to see if no new homes came on the market—remains low in Northwest Austin, while other areas saw an increase in housing inventory. “This year has been different, with steady gains in sales volume, as well as listings and inventory throughout the summer,” Guthrie said. “During a month when housing inventory should reach its lowest point of the year, housing inventory across the Central Texas region is at its highest point since fall 2012.” See how Northwest Austin compares to the entire city and Travis and Williamson counties for July 2017 compared with July 2016: