The Austin-Round Rock Metropolitan Statistical Area (MSA) once again closed 2020 by breaking records. Housing demand across the Austin metro area reached record-breaking levels.
According to the December 2020 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®
(ABoR), a record-breaking 40,165 homes totaling $17,579,802,503 in sales volume were sold across the Austin area last year.
In December alone, residential home sales across the five-county MSA, that includes Travis, Williamson, Hays, Bastrop, and Caldwell Counties, jumped 16.2% year over year to 3,626 sales, a record for the month of December, and the median price increased by 15.8% to 370,000, an all-time record for the MSA.
Sales dollar volume in December also increased 41.1% to $1,784,023,513 and pending sales increased 40.8% to 3,114. Housing inventory declined 1.1 months to a record-low 0.6 months of inventory for the entire MSA. Homes spent an average of 36 days on market, 25 fewer than December 2019.
All indicators show that the outlook for the 2021 housing market is very good, noting that Austin’s demand-driven market will continue to show strength and homes will keep selling quickly.
But, the region continues to experience record-low inventory levels, which in turn drive the prices up and sellers are experiencing multiple offer situations. The area’s new home builders can’t build homes fast enough to keep up with the demand.
Below we’ve provided the market housing stats for Austin, Cedar Park, Round Rock, Lakeway, Leander, and Georgetown. As you’ll see, with inventory levels at record lows, now is the time for seller’s list their properties to take advantage of the higher selling prices and quick sales.
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| City | Media Price | Closed Sales | Active Listings | Months Inventory |
| Austin | $456,500 Up 16.7% YoY | 1,259 Up 19.5% YoY | 775 Down -35.5% YoY | 0.7 Down -0.4% YoY |
| Cedar Park | $368,000 Up 14.7% | 83 Down -11.7% YoY | 2 Down -95.7% YoY | 0.0 Down 0.4 YoY |
| Round Rock | $316,000 Up 17.0% YoY | 176 Up 12.8% YoY | 21 Down -83.2% YoY | 0.1 Down -0.7 YoY |
| Lakeway | $636,250 Up 29.2% YoY | 49 Up 22.5% YoY | 23 Down-77.7% YoY | 0.5% Down -1.9 YoY |
| Leander | $323,000 Up 6.1% YoY | 115 Down -15.4% YoY | 10 Down -95.2% YoY | 0.1 Down -1.8 YoY |
| Georgetown | $321,248 Up 19.2% YoY | 197 Up 35.9% YoY | 84 Down -68.8% YoY | 0.6 Down -1.5% YoY |
