Austin-area home sales resume growth; sizable uptick in suburbs

After a down July, home sales heated up in the Austin area in August, although much of that growth was concentrated outside the capital. Sales of single-family homes in the five-county metro increased 5.3 percent compared with the same month in 2015 to 2,985, according to the latest figures from the Austin Board of Realtors, while median price climbed 9.4 percent year-over-year to $289,990. Housing inventory increased slightly to 2.8 months. Many economists and real estate watchers consider six…

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