The Austin Housing Market Reports New Records in June 2021!
The June ABoR Stats are out! The median sales price went up to a whopping $482,364 last month. Closed sales are up 8% compared to last June. More homes are also being listed across the MSA, as new listings increased 23.8% to 5,170 listings in June 2021, while active listings dropped 56.3% to 2,265 listings. Homes spent an average of 13 days on market compared to 46 days for June 2020 indicating that as new homes are listed, they are quickly going under contract.
“In June, and in the first six months of the year, we saw a confirmation that Austin’s housing market is one of the strongest in the nation,” Susan Horton, 2021 ABoR president said. “Our market has established it's own new normal, as median prices climb while inventory remains low. With the unprecedented growth our region continues to experience, we can expect these trends to continue.” According to Dr. Jessica Lautz, vice president, demographics and behavioral insights for the National Association of REALTORS®, buyers have shifted priorities since the onset of COVID-19, adding fuel to the housing market boom across the Austin-Round Rock MSA.
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