Austin housing market breaks records in 2020Austin housing market breaks records in 2020https://www.recenter.tamu.edu/news/newstalk-texas/?Item=254602021-01-26T06:00:00Z2021-01-26T15:00:00Z

​​AUSTIN – Despite the impact of the coronavirus pandemic on the Central Texas economy, the local housing market set records in 2020. 

According to the Austin Board of Realtors a record 40,165 homes were sold last year, an 8.4 percent increase over 2019. 

The annual median price increased 9.2 percent. 

Inventory declined to a record low of 0.6 months. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.

Texas logoGet more Austin-area news on the Texas Real Estate Research Center's website:

​​​Source: Austin American-Statesman

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