Austin TX Real Estate
Austin Texas with its amazing climate, interesting culture and low taxes and cost of living has been drawing hoards of new residents for several years now. It has one of the best housing market forecasts.
If you’re unfamiliar with Austin, the metro area actually has a population of 2.1 million rising at a 3% clip per year. Demand for homes in metro Austin is so intense buyers are looking outside the city into hill country where land prices are rising at a steep clip.
The city’s tech hub is becoming well known and is drawing tech workers and entrepreneurs from California where taxes, cost of living and persistent crime are pushing California companies out of business. The housing markets in San Diego, Bay Area (San Francisco, Oakland, San Jose), and Los Angeles are too expensive.
More companies have moved to Austin than any other US city. Companies such as Tesla are making an impact on housing here, and drying all listed houses for sale. The company is moving its headquarters from California to the Austin region. The quantity and quality of tech talents is another reason why Tesla is arriving here. And Tesla’s stock price shows investors approve of the move to Texas to build their electric vehicles and batteries. Apple, IBM, and Samsung have big presences here as well.
The Austin-Round Rock MSA is one of the fastest growing in the country, people want to live here, and job creators see opportunity to be successful here,” says Susan Horton, 2021 ABoR President.
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Austin Home Sales Stats March 2021
The hunt for houses for sale in Austin, Dallas, San Antonio, and Houston is going to be a little tougher this spring.
The median price for a home in the metro Austin region rose by 28.8% compared to last year, hitting an all-time high of $425,000. Across the five-county MSA in March, home sales rose 13.1% year over year to 3,603. Active listings plummeted 78.3% to 1,202 listings. Austin region housing inventory remains at a record-low 0.4 months of inventory, down from 2.8 months in March 2020.
City of Austin Texas
In March 221, the median sales price in the city of Austin jumped 24.8% to an all time high of $514,000 . Residential sales increased 11.6% to 1,137 sales and sales dollar volume increased 46.1% to $755,212,253. New listings in Austin rose 1.4% year over year to 1,420 listings while active listings plummeted 66% to 449 listings. monthly housing inventory decreased 0.9 months year over year to 0.4 months of inventory.
In March 2021, total residential home sales dollar volume jumped 51.6% to $1,997,794,869. New listings in the month fell 1.3% to 4,206 new listings and pending sales increased 42.8% to 4,200 pending sales. Homes sold twice as fast as in March 2020, selling in 26 days on average now.
Texas Realtors reports Q1 of 2021 stats for the Austin Round Rock region:
Search for Austin Homes for Sale
Try this home sale widget to find available homes in the best neighborhoods including: Crestview,
Downtown , Rosedale, Zilker, Hyde Park, Old West Austin, Barton Hills, South Lamar, Allandale, South River City, and more. Enjoy your search and have my best wishes to find a great home somewhere in Austin.
Additional sites to search for homes for sale in Austin:
Realtor.com has 4589 houses for sale in Austin, while Redfin has 4680 and Remax lists 4232 homes for sale. Try the Zillow search widget above to see Zillow’s 2323 listings.
You’ll enjoy much better results in your search for homes for sale in Austin, Dallas, Houston, El Paso, San Antonio, or Fort Worth, utilizing much more thorough strategy. Finding and buying a home here in Austin will be a challenge. Houses are selling fast everywhere.
Whether you’re looking for a detached house, condo, townhouse, or rental property, a thorough plan for searching is a must. Work with a competent Real estate agent to get best results.
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