Once again, 2015 was another amazing year for the Central Texas housing market for homeowners as well as those in the housing industry. Now that the final numbers for 2015 have been released, we can see that 2015 bested 2014 in every major category. Median and average prices are both up 8.6% and 7.6% respectively. All signs point to more of the same yet again for the Central Texas housing market. It’s a wonderful time to be a homeowner for sure!
Of note, the number of sales for October, November and December look remarkably similar to those of 2014. However, local loan officers that we work with suggest that numbers for those months would have been higher if not for the new mortgage guidelines (TRID) that finally kicked in October 2 causing a dip in new loan applications as the market and industry adapted.
With interest rates once again hovering around 4%, it’s still a wonderful time to buy a home in Central Texas. If you are ready to take advantage of this market, drop us a note and we’ll take it from there!