Austin saw a surge in single-family home sales last month, according to the Austin Board of Realtors.
In a new report, the board says home sales were up ten percent last month over January 2011. While comparing two months worth of data has limitations, the finding speaks more broadly to Austin housing demand.
Eldon Rude, director of the Austin market for real estate tracking firm Metrostudy, says the January numbers are part of an ongoing recovery of Austin’s housing market.
Rude says the numbers are “driven by continued increases in population and household in the region over the last several years, and people beginning to react to increasing rents in the apartment market, and so they’re moving toward the for sale housing market.”