Unprecedented Market - January 2021

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Market Trends

The Austin area continues to experience an unprecedented real estate market.  There has never been a better time to sell a home.  With 46% fewer Active Listings than 2020 and 23% more closed sales supply versus demand is driving home prices up due to home Buyers having to compete with one another.  Our Total Sales Volume Dollar is up 58% and the Median Sales price is up 19%.  Given that our Months of Inventory is down to .5 month, it is easy see why Austin is in such an exceptional strong Seller's Market and that home prices are skyrocketing.  Given all the new businesses flocking to Austin creating job opportunities and this historic low inventory, we expect to see this scenario carryout through 2021.  Please contact today if you are interested in selling your home or just want to find out what your home is worth in this market.  For additional details on market statistics, click on the link below.  

January 2021 Austin Area Market