Jan 26, 2021
Austin housing market breaks records in 2020
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...
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.
Get more Austin-area news on the Texas Real Estate Research Center’s website:
Source: Austin American-Statesman
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