ABoR August 2021 Statistics
Posted by Culhane Premier Properties on Tuesday, September 21, 2021 at 2:53 PM
By Culhane Premier Properties / September 21, 2021
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The August 2021 ABoR Stats are out! The median sales price was $470,000 last month. Closed sales are down 4% compared to last August. More homes are also being listed across the MSA, as new listings increased 14% to 4,409 listings in August. Active listings dropped 19% to 3,380 listings. Homes spent an average of 14 days on the market, which is down compared to August 2020 indicating that as new homes are listed, they are quickly going under contract.
According to Mark Sprague, economist, and the state director of information capital for Independence Title, Austin’s market is exactly where it should be based on demand.
“There have been reports of Austin’s housing market being overvalued, but from an economist’s...