Austin, Texas, housing market doubles in size

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The Austin Board of Realtors reports that 3,082 single-family homes were sold in the Austin area in August, a 30 percent year-over-year jump and more than double the number of homes sold in August 2010: 1,490 homes.

“It’s not surprising that the Austin-area housing market has doubled in size in only three years. As our city continues to grow at an accelerating pace, it’s vital that our community and business leaders work together to address key issues that will continue Austin’s success and sustain our quality of life,” said Cathy Coneway, the board’s 2013 president, in a statement.

“Components such as housing affordability, a healthy housing supply and strict property code enforcement will bring a continued success to our community in which all Austinites can take part,” she added.

Source: Austin Board of Realtors