No doubt about it: the Austin metropolitan area is a happening place, and our real estate market is reflective of that. We have something like 140 new people moving here every day, making this part of Central Texas one of the fastest growing (if not THE fastest growing) areas in America.
In 2015 Austin passed the 2 million mark in population. I know this figure might freak some local folks out, but I’m not one of them. I spent 3 years living in Shanghai — a city of 24 MILLION people — so perhaps my population freak-out bar might be set a little higher than average, but still.
Most of the recent population growth we’ve seen has been in the surrounding Travis/Williamson County suburbs: Pflugerville, Round Rock, Cedar Park, Leander, Liberty Hill, and the cities of Kyle, Buda, Wimberly and Dripping Springs in Hays County.
Much of this expansion is attributable to local job growth, especially within the tech industry, with such employers as Apple, Dell, HP, Oracle, National Instruments and Intel all having a significant presence here. Our strong jobs market has kept the demand for homes growing, while inventory is still relatively low, which has been steadily driving home prices up.
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Here’s a quick overview of the most recent market stats for the Greater Austin Area:
If you’re considering a move to the Austin area and want to talk with a real estate professional, or if you’d just like to find out more about what these statistics mean and how they effect YOU, I’d love to help! Please feel free to contact me by phone or email.
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Tanya Joffrain / 512.694.7917 / firstname.lastname@example.org