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
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.