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
Average Sales Price
Months of Supply
Average Days on Market
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.