Austin, TX (ATX) has certainly been off to a wild start this year. Below is a quick snapshot of the market data for January 2021 for this specific Central Texas region. The following infographic and data is courtesy of the Austin Board of Realtors.
Austin, TX MSA January 2021 Real Estate Housing Statistics
This trend is mirrored in the city of Austin proper as well with the median sales price up 19% to $455,000. To summarize, there are more homes being put under contract with rising prices and decreased inventory coming to market.
At this point the law of supply and demand is in hyperdrive with continually climbing levels of growth and not enough inventory to accommodate that demand. Housing inventory is sitting around 0.5 months and the influx of population and jobs continues. This data strongly indicates that the Austin housing market will continue to be competitive and will likely follow similar trends in the foreseeable future.
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Disclaimer: The information provided here is for educational purposes only, past performance is never a guarantee of future performance.
