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July 2021 Market Update
Austin-Area Home Sales Decline 9.9% in July
Dipping sales suggest a stable market
Austin home sales may have declined but the SALES PRICE jumped 37.1% year over year to $480,000.
Vaike O’Grady, regional director of MetroStudy, said that while the frenzy to buy a home in Austin has steadied from this time last year, it’s unlikely that home prices will go down any time soon.
New listings increased in the month of July 8.2% and active listing dropped 36.9% year over year. Homes spent an average of 12 days on the market.
The slower season is a great time to buy or rent a home, don't miss the opportunity.
This market is still challenging and full of surprises, it is highly advisable to consult with a seasoned, licensed Realtor® to help you navigate the process.
In the city of Austin, the median home price rose 37.6% year over year to $574,975—a record for the month of July
5,166
New Listings
3,294
Active Listings
3,900
Homes Sold
106.7%
Sale-to-List Price
$596,261
Average Sales Price
0.9
Months of Supply
12
Average Days on Market
$284
Average Price per Square Foot
Outside of Austin
As home prices continue to creep up in Austin many buyers are buying outside of Austin in Bastrop County or Caldwell.
