LOW HOUSING INVENTORY AND RISING PRICES CONTINUE
Source: Austin Board of Realtors
City of Austin
In the City of Austin, home sales in the first half of the year increased 21.6% year over year to 6,467 sales, while the median price increased 30.9% to $530,000. At the same time, sales dollar volume skyrocketed 62.1% to $4,264,121,892. New listings increased 4.8% to 7,851 listings; active listings declined 56.5% to 603 listings, and pending sales increased 18.1% to 7,235 pending sales.
From January through June in Travis County, home sales increased 19.1% year over year to 10,072 sales. During the same period, sales dollar volume climbed 63.1% to $6,671,909,136, as the median price rose 32.5% to $510,186. New listings saw an uptick of 1.7% to 11,931 listings, while active listings dropped 64.2% to 910 listings. Pending sales increased 11.1% to 10,904 pending sales.
In Williamson County, home sales in the first half of 2021 increased 11.4% year over year to 6,554 home sales. During the same period, sales dollar volume increased by 54.7% to $2,965,504,661, and the median price increased 42.1% to $414,936. New listings decreased 8.5% to 7,967 listings; active listings dropped 77.9% to 394 listings, while pending sales increased 8.2% to 7,441 pending sales.