Housing inventory increased to its highest in over eight years in the Austin-Round Rock MSA, making working with REALTORS® the best option for home sellers in the region.
Though there was a 6% dip in home sales across the Austin-Round Rock MSA, first-time homebuyers must be prepared when searching for homes as inventory slightly increases.
As the housing market in the Austin-Round Rock MSA calms down, home sales decrease 4% while median price sets a record for the month of August at $470,000.
Home Sales in the Austin-Round Rock MSA have declined 9% for the first time since May 2020, indicating market stabilization while median price increased 37% to $480,000.
Following significant growth in the first half of 2021, The Austin Round-Rock MSA housing market is moving steady at midyear with an 8.6% increase in home sales.
One year after shelter-in-place orders and start of the COVID-19 pandemic, home sales in the Austin-Round Rock MSA soared 37% while median price jumped 42%.
As the city of Austin expands to a growing metropolis, housing costs and sales continue to climb to record-breaking levels all while running on near-zero inventory.