Austin Real Estate Market Update – June
In June and the first six months of the year, Austin’s housing market was one of the strongest in the nation. The market has established its new normal, as median prices climb while inventory remains low. With the unprecedented growth the region continues to experience, we can expect these trends to continue.
Speed of the Market
Speed of the market: 171% – Market for sellers has boosted, demand was more than supply.
Home Sales
There were 1,374 sales in June:
- 16.9% increase compared to June 2020. Total sales also increased by 8.2% compared to last month.
Listings
There were 1,672 new listings in June:
Both the listings and sales activity have increased, resulting in an upward trend in prices.
- 15.2% increase compared to June 2020.
Median Sold Price
The median sold price equaled 575,000 in June 2021.
- Median prices also rose by 1.6% compared to the last month.
Total Dollar Volume (In Million)
The total dollar volume equaled 969.6 million dollars.
- That is a 63.8% increase compared to June 2020.
Total Pending Sales
Total pending sales equaled 1,385. Housing inventory decreased by 0.8 months to 0.7 months of inventory.
- A 2.6% decrease compared to June 2020.