November 2021 Stats are out!
The November 2021 ABoR Stats are out! The median sales price was $470,000 last month. Closed sales are down 4% compared to last November. More homes are also being listed across the MSA, as new listings increased 6% to 2,950 listings in November. Active listings are slightly down. Homes spent an average of 22 days on the market which is down compared to November 2020 indicating that as new homes are listed, they are quickly going under contract.
“We have all seen the headlines about our housing market and the Austin Board of REALTORS® knows that it is competitive, however, when you dig a little deeper, you can see that there is plenty of opportunity and our market is still readily accessible for homebuyers across all price levels,” Susan Horton, 2021 ABoR president, said. “This doesn’t mean there isn’t work to be done to ensure everyone has equal opportunity to find a home here, but it does demonstrate that by working with a licensed REALTOR®, homebuyers and renters can find something that works for their budget and housing needs.”
Read more about the November ABoR Stats here.