Austin April 2021 Market Report
The Austin Housing Market continues to hold strong soaring double digit expansion in median price and home sales volume.
John Schutze, regional director and senior home loan officer at Texas Loan Experts, stated that purchasing a home in the Austin area today requires more of an upfront investment than ever before.
“Homebuyers are having to get creative as the Austin housing market continues to be competitive. Potential buyers must be prepared to have a source of extra funds to make up for potential appraisal shortages but also need to understand that cash isn’t always king when it comes to catching a seller’s eye. As interest rates look to hold steady for the foreseeable future, buyers need to be prepared for the long haul and need to work with a REALTOR® who can help explain the need to be bold and also help you put together the most attractive offer depending on the home and situation.”
Get all of the details below . . .
Homes Under Contract
Average Days on Market
Average Sales Price
Price Per Sq. Foot
Increase in Dollar Volume