According to the Austin Board of Realtors September 2021 report on housing in central Texas, the Austin-Round Rock MSA housing market continues its calming trend. Home sales are down 5.1% from September 2020, with the median selling price of $ 450,000 setting a record for September in the MSA.
âAustin’s housing market remains strong and competitive,â said Susan Horton, president of ABoR 2021. âHowever, more homes are starting to hit the market, as evidenced by the increase in news. registrations in September, which creates more opportunities for buyers. While this is a positive step forward, there is still a long way to go for this market to be balanced. REAL ESTATE AGENTSÂ® continue to ensure that their customers’ needs are met despite low inventory levels.
While residential home sales in the area fell 5.1% to 3,682, the median selling price rose 28.5% year over year to $ 450,000. At the same time, dollar sales volume increased 18.5% year over year to $ 2,078,429,244. New listings increased 16.9% to 4,136, active listings increased 0.7% year over year to 3,723 listings and pending sales declined 1.1% to 3 552 across the MSA. The monthly housing stock fell from 0.1 months to 1.1 months of inventory, and homes spent an average of 17 days on the market, down 22 days from September 2020.
Several factors have contributed to the housing market boom in Austin, not just over the past 16 months, but over the past two decades. Job growth and a thriving and diverse economy have been the main drivers of increased demand, according to the Austin Chamber of Commerce.
âTesla relocates its headquarters here has cemented Austin as an industry hub for technology and innovation with the potential for limitless opportunities,â said Laura Huffman, President and CEO of the Chamber of Commerce. Austin business. âThe intentional diversification of our region’s economy and the creation of significant jobs also bring challenges that we as local leaders must overcome. Increasing the housing stock – and ensuring that it is accessible to all socio-economic classes by strengthening and diversifying housing options – is crucial for the health and vitality of our community. Austin has the opportunity to find a way forward that will allow us to maintain the magnetism of our housing market while maintaining our competitive advantage in cost of living and quality of living. This will allow us to continue to attract job growth and capital investment to the region.
City of Austin
In the city of Austin, the median home price rose 28% year-on-year to $ 525,000, a record for September. Home sales declined 7.1% to 1,156 sales, while dollar sales volume increased 6.4% to $ 711,203,330. During the same period, new listings increased 8.4% to 1,384, active listings fell 11.1% to 1,232 and pending sales fell 4.4% to 1,080. The monthly housing stock fell 0.3 months year-over-year to 1.1 months of inventory.
At the county level, home sales also fell 7.0% to 1,796 sales, and dollar volume of sales jumped 11.5% to $ 1,188,315,638. The median price of a home increased 22.9% year over year to $ 510,000. Over the same period, new listings increased 13.3% to 2,117 listings; active listings fell 3.2% to 1,969 and pending sales fell 5.7% to 1,681. Monthly housing stock fell 0.2 months year-over-year for reach 1.1 months of stock.
In Williamson County, September home sales fell 2.7% to 1,269 sales, while dollar sales volume jumped 33.2% to $ 608,322,686. The median price rose 37.5% to $ 435,000, and new listings increased 26.2% to 1,306 listings. During the same period, active listings increased 19.2% to 981 listings, and pending sales also increased 7.8% to 1,293 pending sales. The housing stock remained stable at 0.8 months of stock.
In Hays County, September home sales fell 3.2% to 457 sales, and dollar sales volume climbed 22.4% to $ 221,438,960. The median price of homes rose 16.3% to $ 365,000. During the same period, new listings increased 7.5% to 519 listings, active listings increased 1.3% to 558 listings. At the same time, pending sales decreased 7.6% to 413 pending sales. Housing inventories fell from 0.1 months to 1.3 months of inventories.
â¯ Bastrop County
In September, Bastrop County home sales fell 10% to 126 sales, and dollar sales volume increased 13% to $ 48,652,064. The median price rose 25.5% to $ 335,000. Over the same period, new listings increased 23.1% to 160 listings, while active listings declined 19.6% to 177 listings. Pending sales fell 9.7% to 121 pending sales and home inventories fell 0.8 months to 1.3 months of inventory.
â¯ Caldwell County
In Caldwell County, September home sales rose 13.3% to 34 sales, and dollar sales volume rose 43.4% to $ 9,840,046. The median price of homes increased 19.6% year over year to reach $ 259,000. At the same time, new listings increased 47.8% to 34 listings, while active listings declined 46.5% to 38 listings. Pending sales rose 51.7% to 44 pending sales, and home inventories fell 1.5 months to 1.2 months of inventory.
For more information or to download the September 2021 Central Texas Housing Market Report, visit ABoR.com/MarketStatistics.