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Inside Austin s Wild Real-Estate Market

Inside Austin s Wild Real-Estate Market
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Austin housing market hits new high with median home price above $550K

Austin housing market hits new high with median home price above $550K Inventory is slim, and prices are high.  dszc/Getty Images The Austin real estate market continues to heat up as the summer selling season officially gets underway. The Austin Board of Realtor’s latest monthly report, released June 15 and providing market statistics from May 2021, is once again full of all-time highs.  ABoR reports that last month, the median home price in the city of Austin reached $565,500, a year-over-year increase of 34 percent and an all-time high for any month on record. The figure is a significant increase from April 2021’s record of $550,000, but an even bigger jump from just a few months ago, when, in February, the median price was $491,000. The report also says that May home sales jumped more than 50 percent year-over-year, but ABoR reminds that, due to pandemic-related stay-at-home orders, the market was slower than usual in May 2020.

Austin housing market prices skyrocket, home buyers pay attention

Austin housing market prices skyrocket, home buyers pay attention By FOX 7 Austin Digital Team Published  AUSTIN, Texas - In the greater Austin area, homes price reached an all-time, record-breaking high in May as the median home price reached $465,000, while both home sales and sales dollar volume skyrocketed, according to The Austin Board of REALTORS® May 2021 2021 ABoR President, Susan Horton says, Austin’s housing market has become one of the most competitive markets in the U.S.   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 should be a top priority for local leaders.

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