The white-hot housing market in the Austin area continues to blaze, with the median sale prices for homes hitting all-time highs in March and real estate experts say that even as demand soars, the region is showing no warning signs that it s experiencing a housing bubble that is at risk of bursting.
For the five-county metro area which runs from Georgetown to San Marcos the median price for homes sold in March was a record $425,000, up 28.8% from March 2020, according to the Austin Board of Realtors. That means half the homes sold for that amount and half sold for less.
Within Austin s city limits, the prices were even higher, with the median price at a record $514,000, which was up 24.8% from March 2020.