Austin market skyrockets as home price hits all-time high of $515,000 The median home price in Austin jumped almost 25 percent year-over-year. Another record-breaking month is in the books for the unstoppable Austin housing market. The latest report from the Austin Board of Realtors, detailing sales activity in March 2021, shows that the median home price in both the city itself and the greater metro area jumped well over 20 percent year-over-year, leading to new all-time highs for both segments. In the city of Austin, the median sale price grew an astounding 24.8 percent to $515,000, marking the first time that the median home price has surpassed the $500,000 mark. In February 2021, the figure sat at $491,000, a record at the time.
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Have we seen this hurricane season before?
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Flooding from Harvey. Image from click2houston.com
A lot of research goes into his prediction and, as I discussed, a couple of important factors are the state of La Niña/El Niño and the temperatures of the Atlantic Ocean waters. Specifically, presence of La Niña = a busy season, and warmer than normal sea surface temperatures = a busy season. We have both a weak La Niña and warm water, thus, his forecast of 17-8-4 is above the average season of 14-7-3.
In addition to the many parameters Dr. Klotzbach pores over, he also examines the historical climate record. What years in the past looked a lot like this year from a climate perspective and just what kind of tropical activity did THOSE years have? Perhaps something is to be gleaned from the past. In his tropical meteorology report, he says specifically: