New Records Broken in Austin Real Estate
Year over year statistics from ABOR
The median home price of the greater Austin area has reached an all-time high for any month on record.
“Austin’s housing market has become one of the most competitive markets in the U.S.,” Susan Horton, 2021 ABoR President, said. “As new companies relocate to Austin and the city’s popularity draws in new residents, the sheer demand for housing has created a critical inventory shortage... the market can seem difficult to navigate to the average consumer, because it is fast paced, and transactions are becoming increasingly complex. This is why it is so important to work with a REALTOR® who understands the market.”
The booming Austin-area housing market continues to be strong in May, with double-digit growth in both home sales volume and median sales price growth. Homes last month spent less time on the market. New listings are up a little but active listings are way down. Prices continue to increase significantly. The median sales price is up 42% and closed sales are up 48% compared to last May.