Thursday, January 14, 2021
Economists at the Texas Real Estate Research Center at Texas A&M found that Hays County had an extremely strong housing market in 2020, according to an evaluation of the Multiple Listing Service.
Research Economist Dr. Luis Torres said that ultra-low inventory combined with a record number of sales for 2020 and a record increase in prices during a pandemic and a recession is extraordinary and shows the strength of the market in Hays.
The county saw a historically low one month inventory at the end of 2020 alongside its highest number of annual sales at 4,854 up from 3,991 in 2019 and an 11% increase in the median price of a home from $266,000 in 2019 to $295,000 in 2020. The center projects an 8.4% increase for all of Texas single-family sales for 2021.