There are several factors that have contributed to the Austin area housing market boom over the past two decades, but the Austin Chamber of Commerce connects the continued job growth and a flourishing economy as the main driver for the increased demand. According to the Austin Board of Realtors, home sales in the Austin area decreased 5.1% compared to September 2020 as the median sales price of $450,000 set a record for the month of September.

Monthly housing inventory dipped 0.1 months to 1.1 months of inventory and homes spent an average of 17 days on the market—down 22 days when compared to September 2020.

“Tesla moving its headquarters here has cemented Austin as a hub of the tech and innovation industry with the potential for limitless…

2021 has been a record-breaking year of all-time highs for the Austin area because we are one of the most desirable housing markets in the United States. But with the market continuing its calming trend, we’re beginning to see a glimpse into what buyers and sellers can expect going forward.

According to the Austin Board of REALTORS® (ABoR), the median sales price grew 24.7% year-over-year to $455,000—setting a record for the month of October. New listings increased 0.9% to 3,777 while active listings decreased 0.5% year-over-year to 3,475. Monthly housing inventory dipped 0.1 months of inventory to 1.0 months and homes spent an average of 20 days on the market, down 16 days when compared to October 2020.

“More new listings are hitting the market, a…

Austin, TX – The Austin housing market saw the fourth month of record-breaking numbers. While the market continues to hold firm, high demand for housing is outpacing the available inventory. As companies flock to the Austin area, local professionals warn that rapid growth could soon cause trouble in the market.

Austin Board of Realtors reported active listings average 33 days on the market, down 29 days from 2019. The median home price increased 19% year-over-year to $365,000, and active listings on the market are down 55% to 3,501

“Despite the economic roadblocks and challenges the global pandemic has presented, Austin’s housing market activity is stronger than it’s…

That’s a wrap! The December 2021 data for the Central Texas housing market is out, courtesy of the Austin Board of REALTORS® (ABoR). As we move forward with new real estate goals in 2022, one key to greater understanding is looking at where the market has been.

“In 2021, we lived through the most exciting, complicated, fast-paced, and record-setting housing market in Austin’s history,” said 2022 ABoR president Cord Shiflet.

More homes were sold in the Austin area than ever before in 2021. But December did show a slight dip in home sales compared to December 2020. This is due to the fact that many people take their homes off the market during the holiday season, according to American Home Shield.

Compared to December 2020, median home prices…

With a variety of things still up in the air like the future of interest rates and the speed at which the supply chain will bounce back to pre-pandemic health, becoming informed on the market information available is a great way to make educated real estate moves in 2022. 

The red-hot market of 2021 was at times stressful for buyers looking to purchase a home as well as developers facing supply issues, but many in the market are feeling positive about the tone of this year. 

“REALTORS® are optimistic about what this year could bring and looking forward to what will hopefully be a year filled with opportunity for homebuyers, sellers, and developers alike,” said 2022 ABoR president Cord Shiflet. “Working with a REALTOR® that understands the complexities…

February saw the median home price for the Austin-Round Rock area come in just $5 shy of hitting $500,000. At $499,995, this is a new record median price and a 27.9% increase since this time last year. This isn’t the only number that keeps climbing. Closed listings rose 11.3%, and interest rates went over 4% for the first time since 2019. Keep reading to learn how February’s numbers point to another big year for the 2022 housing market. 

“We saw another record-breaking month in February,” says Realty Austin Head of Sales Jolene Weinstein. “The increasing median sale price and closed listing percentages point to another big year for the Austin real estate market, despite the fact that buyer demand continues to outpace available inventory.” 

While there…

March set another record for the Austin-Round Rock real estate market when the median home price reached $521,100, which is a 22% increase from March 2021. Houses spent an average of 21 days on the market, which is down 6 days from this time last year. Keep reading to learn about the current Austin market, and figure out how to be better prepared for common hurdles and challenges.

“The slight inventory increase in March is a welcome sight for those watching the pace of the market," says Realty Austin Head of Sales Jolene Weinstein. “The demand for homes in Austin is continuing to rise, and we’re seeing buyers look further from the city center than before.”

Some of the best places for first-time buyers in Austin are near the city outskirts, and these…

The hot Austin real estate market saw signs of cooling down in April, but we could say that’s like calling a 95º day cool compared to 100º here in Texas — still pretty hot! 

With a dramatic 52% year-over-year increase in active inventory (when compared to April 2021), the Austin real estate market is seeing signs of a slightly softening market, which is a welcome relief for buyers who have become exhausted with bidding wars. 

April residential home sales declined across the Austin-Round Rock MSA for the second month in a row according to the Austin Board of REALTORS® (ABoR) April 2022 Central Texas Housing Market Report. Even with a slight dip, the Austin-Round Rock Metropolitan Statistical Area (MSA) was only 216 homes short of breaking the record…

AUSTIN, TX — Home sales in Austin continue to reach all-time highs for any month on record with the median home price inching closer to half a million. 3,976 homes were sold in the Austin area with inventory nearing zero at 0.5 months. Homes continue to sell over asking price, which raises the median home prices to a new record of $465,000, a 48% year-over-year increase.

“Austin’s housing market has become one of the most competitive markets in the U.S.,” says Susan Horton, 2021 ABoR President. “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, reinforcing that affordability and accessibility to housing across our region is a real concern and…