Austin Market Update August 2021
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July 2021 Market Update

The Kent Redding Group

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Aug 17 2 minutes read

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.

Curious about what
your home is worth now?

Get an accurate home value report from our team. 

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