April 2021 Housing Statistics for Austin, TX (ATX) and surrounding MSA
Home prices continue to rise for the Austin, TX metropolitan area. The City of Austin numbers revealed a median sales price of $550,562. The Austin-Round Rock MSA was also up at $460,000 for median sales price for the month of April. For those following area trends this is another significant push from previous highs just one month prior.
This was an interesting marker for comparative data with respect to the impact of the pandemic that took hold early in the first quarter of 2020. No surprise here with rising prices persisting but worth noting how quickly these transactions are taking place. Average days on market is down to 17 for the MSA, and 18 days for the City of Austin. Almost a full month faster than averages from a year prior for this Central Texas MSA.
The following infographics and data is courtesy of the Austin Board of Realtors.
April did see a rise in new listings which bodes well for buyers actively looking for a property in the market. However, pending sales are also up, and nearly at the same gross numerical value as the new listings. As a percentage comparison, pending sales continue to climb faster than new listings coming to market. In short, the inventory squeeze looks poised to continue.
Williamson County (Northern suburbs of Austin) continues to lead the pack with respect to median home sales price with a year over year climb of 45.4% in median sales price. But do not count out other areas, Hays County and Travis County both saw greater than a 30% rise in median home sales price. Bastrop and Caldwell counties also saw increases, but the sales volume is respectively low compared to other regions with only 156 sales for those counties combined. For comparison, Williamson County had 1,219 home sales during the same period.
Four of the five counties that comprise the Austin MSA have 0.6 months of housing inventory or less, Caldwell is the exception with 1.1 months of inventory which is still quite low given that experts agree 6 months of housing inventory is considered a balanced market between buyers and sellers.
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Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.
