February 2019: Statistics Point to an Early Spring

Austin Area, Portfolio, Real Estate News
AUSTIN, TX– Central Texas REALTORS® sold more homes than any February on record last month, indicating the spring selling season may have started early this year. According to the Austin Board of REALTORS® February 2019 Central Texas Housing Market report, sales increased by 6 percent from February 2018 to February 2019 to 2,101 sales. This increase was matched with both a rise in active listings and housing inventory, signs that the Austin Metro housing market this year continues to move toward greater balance. "We've been hearing from our members that buying and selling activity has really picked up over the past month," Kevin P. Scanlan, president of Austin Board of REALTORS®, said. "We're seeing a lot of development in North Austin, as major tech employers are looking for space with ample room…
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