September ABoR Stats are out!
The September 2021 ABoR Stats are out! The median sales price was $450,000 last month. Closed sales are down 5% compared to last September. More homes are also being listed across the MSA, as new listings increased 16% to 4,136 listings in September. Active listings actually remained about the same. Homes spent an average of 17 days on the market which is down compared to September 2020 indicating that as new homes are listed, they are quickly going under contract.
“Tesla moving its headquarters here has cemented Austin as a hub of the tech and innovation industry with the potential for limitless opportunities,” Laura Huffman, president and CEO of the Austin Chamber of Commerce, said. “The intentional diversification of our region’s economy and significant job creation also brings challenges that we as local leaders must take head on. Increasing housing inventory – and ensuring that it is attainable across all socioeconomic classes by strengthening and diversifying housing options – is crucial to the health and vibrancy of our community. Austin has the opportunity to find a path forward that will allow us to maintain the magnetism of our housing market while keeping our competitive advantage when it comes to cost of living and quality of life. Doing so will allow us to continue to attract job growth and capital investment in the region.”
For more information about the Austin market, click here.
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