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That s according to the latest home-sales report the Austin Board of Realtors released Tuesday. The April report provides the first direct comparison one year later to the first full month of the coronavirus pandemic, after COVID-19 lockdown orders last spring abruptly plunged the region s housing market into uncharted territory as the nation registered its highest unemployment level since the Great Depression. It didn t take long for the housing market to begin recovering, and by last summer it was roaring back. Last month s sales and prices continued the trend. In April, the number of home sales and median prices, in both the five-county Central Texas region and the city of Austin, saw soaring double-digit growth and once again set records, the board said. ....
As builders scrambled to keep up with demand, housing construction in Central Texas reached record levels in 2020, with home starts – and the median sales price of those new-homes – hitting all-time highs. Industry experts say 2021 could mirror the housing market s recurring themes: high demand, low supply, and – to many buyers dismay – rising prices. The median sale price for newly built homes in the Austin metro area last year was $313,594 – meaning half sold for more than that amount and half sold for less. The $313,594 was a 4.4% increase over 2019 s median price and a record for the area, according to industry firm Zonda, which tracks the housing market in the five-county Austin region that spans Georgetown to San Marcos. ....