2017 looks like another record-setting year for Austin home market; Builders experimenting with lower-cost options

The Austin metro housing market is on pace for another record-setting year.

There were 2,292 single-family home sales in October, according to new Austin Board of Realtors data released Tuesday. The region is on pace to record more than 30,600 sales in 2017, compared with 29,569 last year.

And a recent report by Realtor.com found the median home price in Austin increased 63 percent from 2006 to 2016, the fastest rate in the nation for large metros.

The October figure was up 2.2 percent from the same month a year prior. Much of the growth was concentrated in the suburbs: Single-family home sales increased 1.4 percent year-over-year in October in Travis County, which is home to the majority of Austin proper, while Williamson County to the north saw 5.4 percent growth and Hays County to the south saw 6.2 percent growth.

Click to read more at Austin Business Journal.