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Median prices set September records, even as home sales dip last month
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Austin home prices at record highs even as price growth pace slows
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Continuing the Austin-area housing market s hot streak, home sales and the median price paid for those homes set records for a January, according to new data from the Austin Board of Realtors.
Low mortgage interest rates, high demand and a shortage of homes continue to fuel the market and drive prices higher, experts and real estate agents say.
Sales of single-family homes, townhomes and condos soared almost 24% in January, with 2,523 homes changing hands, a record volume for the month.
Half of the houses sold for more than $365,000 and half sold for less, a January record for the median price and an increase of nearly 20% over January 2020 s median.