House Sales

With higher mortgage interest rates, fewer people can afford to buy. Current homeowners are loath to sell, giving up their low interest rates and high sales prices. As a result, homes are taking longer to sell.

The median price of $624,000 in March represents a record-high price, and a 22% increase in sales price over the past year.

According to data from the real estate firm CoreLogic, investors bought nearly a third of all the single-family homes sold in the Austin area in the first nine months of 2021.

The Austin real estate market stayed bullish in 2012 with home sales hitting their highest level in five years and experts predicting more growth in 2013.…