Has activity peaked in the Austin home market? Flat sales may indicate cooling trend

Flat February home sales could indicate a market correction after two straight years of record Central Texas home sales.
Single-family home sales across the metro inched up 0.9 percent to 1,829 last month, compared with the same month a year prior, according to Austin Board of Realtors data released Thursday.
However, home inventory is still historically low at 2.1 months, up from 2 months in February 2016. Real estate experts consider a supply of at least six months to be a healthy balance between…

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