April 2021 Market Stats
Market Continues To Show Strong Recovery
Austin has continued to show massive numbers in home sales. The Austin-Round Rock Metro area home sales increased 37.2% year over year. The median sales price increased 41.6%. Housing market is still suffering from low inventory. Currently we are sitting at 0.5 months of inventory. Experts say in a healthy market, we see 6 months of inventory. Although, we did see an increase from the March numbers of 0.2 months of inventory. As the population continues to grow for those who are getting vaccinated, home sellers are feeling more comfortable to enter the market to sell their homes. While the homebuying process continues to be complex and it’s common to submit several offers before one is accepted, there is hope and optimism for the months ahead.