Austin home sales climbed to their highest median price ever in October, according to the latest monthly report from the Austin Board of Realtors.
The median price point for Austin home sales jumped 13.1% from October last year, topping off at $441,250.
The upward shift was matched by a growing number of listings – 1,345, or nearly a fifth more than the year before – as well as a decrease in the amount of housing stock. Homes continued to sell faster as well.
The Greater Austin Chamber of Commerce's president, Laura Huffman, said the housing market signals economic growth but voiced concerns about the region's growing affordability problem.
"The region needs to address housing affordability to help people from being priced out of the market, even as salary and job growth continues," Huffman said in a statement.
Zooming out, the housing market trends carry across in the broader region as well. The Austin-Round Rock metro area experienced a 29.4% increase in October home sales over the past year. Homes in the region sold faster and at higher price points than ever before.
October also marked the third consecutive month of double-digit home sales growth.
"As we come to the end of a challenging year, I'm proud of the work that Austin (realtors) have done to stabilize and grow our market," ABoR President Romeo Manzanilla said in a statement.
Since Austinites passed Proposition A, an overhaul of the local transit system, Manzanilla said he expects the city to turn its focus toward housing affordability soon, which he says has "only worsened during the pandemic." ABoR "looks forward to collaborating with both new and returning Council Members on ways to address this important issue," he added.
Manzanilla also cautioned that homeowners could expect higher property taxes, owing to recent property tax hikes attached to Props A and B, as well as rising home values.
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Communities are rallying together after an 18-year-old shot and killed 19 students and two teachers at Robb Elementary School in Uvalde, Texas.
Funds from organizations all around the state–including from Austin’s own Los Verdes–are being raised to support families affected by the tragedy. Here's how you can help.
If you are looking for ways to help, please consider donating blood. Your donation can help ensure we have supplies immediately available for the victims of this tragic shooting.— University Health (@UnivHealthSA) May 24, 2022
Our donor room has availability the rest of the week. Please schedule online: https://t.co/0F2lKDqYzO
Austin-area residents can donate blood with We Are Blood.
South Texas Blood & Tissue was able to send a total of 25 units of blood both to the school and local hospitals to support treatment. After an emergency blood drive on Wednesday, the blood center is hosting a Memorial Day blood drive and should have appointments opening the following week.
The largest blood transfuser in the San Antonio area, the University Health System, is also asking members of the community to donate blood. Appointments may be scarce due to demand.
The Los Verdes community is heartbroken at today's senseless act of gun violence in Uvalde that ended 15 lives too early. We are currently raising funds to support the families who lost loved ones today, and you can join by donating here. https://t.co/52L1ZtbSND— Los Verdes (@LosVerdesATX) May 24, 2022
There is a growing list of verified fundraisers through GoFundMe, where almost $2 million has been raised so far for families and victims of the tragedy.
- The VictimsFirst fundraiser is raising $2 million to provide “100% of what is collected” to the victims’ family members.
- Austin-based Los Verdes Supporter Group is raising $100,000 for the families “affected by the horrific school shooting at Robb Elementary.”
- Allison McCullough, the aunt of victim Makenna Lee Elrod, is raising $50,000 for her family.
- The Alithia Ramirez funeral fund is working on raising $8,000 for the young girl’s funeral.
- More are being added by the hour.
An official account with First State Bank has been set up for donations through UCISD to assist the families of this tragedy.— Uvalde CISD (@Uvalde_CISD) May 25, 2022
Please know that the FSB account, is the only verified location to make any monetary donations. No other source is currently recognized. pic.twitter.com/psQb6fD6Ls
Uvalde CISD has opened an account to support families of the victims with the First State Bank of Uvalde. Checks to donate should be made payable to the "Robb School Memorial Fund" or through Zelle at firstname.lastname@example.org.
The League of United Latin American Citizens has created a fund for victims, which it says will donate 100% to families and University Health has also organized the Uvalde Victims Relief Fund to help provide care for victims.H-E-B has also donated $500,000 to aid victims and is collecting donations for its Spirit of Giving Fund, which supports philanthropic efforts in the wake of Texas tragedies. Starting Wednesday, shoppers at H-E-B, Central Market, Joe V’s Smart Shop and Mi Tienda can donate at checkout or online.
By Patrick Svitek
Beto O'Rourke caused a dramatic scene on Wednesday when he angrily confronted Gov. Greg Abbott at his news conference about the Uvalde school shooting, yelling, "This is on you."
After Abbott was done giving his initial remarks, O'Rourke approached the stage and told Abbott he was "doing nothing" to combat gun violence. He said the Uvalde massacre, in which a gunman killed 19 children and two adults, was "totally predictable."
Some of the Republican officials onstage with Abbott quickly denounced O'Rourke, telling him to go away. Another man onstage used expletives to criticize O'Rourke for interrupting the event. O'Rourke was eventually escorted away amid the unruly scene.
“I can’t believe that you’re a sick son of a bitch that would come to a deal like this to make a political issue,” Uvalde Mayor Don McLaughlin told O'Rourke at one point.
.@BetoORourke just showed up and shook things up. @statesmanpic.twitter.com/Z1FtBwUEdJ
— Luz Moreno-Lozano 🦇 (@LuzMorenoLozano) May 25, 2022