More Housing Buble
What about the Austin-Round Rock market you ask? Well, according to the report we have a year-to-year increase of 5%, yeilding a median home value of $166,800. That is a nice rate, (I have read that 3-5% annually is about average) but nothing special. Particularly during a "boom" in the housing market. For comparison here the Texas Metropolitan Areas mentioned, in order of growth:
|Metropolitan Area||Growth||Median Price|
By the way, yes Austin does have the highest median home price, but that has been true for almost a decade now and isn't really related to the boom (at least not this one).