The Austin Real Estate Market Ran Hot in 2021

The Austin Real Estate Market Ran Hot in 2021

  • Portico
  • 12/30/21

Austin Real Estate Market Update

2021 Roundup

Just like last year, 2021 has been an unusual and atypical year in thre real estate market.

Here are the key highlights that describe the 2021 market.

1. The median house price for December 2021 is $473,000 compared to $370,000 for December 2022.

2. As of YTD, over 41k listings have been sold in 2021, compared to 40,165 for full year 2020.

3. YTD sales volume in 2021 compared to $17 billion in total sales in 2020 in the greater Austin area

4. The current metro area population of Austin is 2,117,000, a 3.12% increase from 2020 - 183 people/day

Businesses draw more residents into the Greater Austin area, and new mixed-use developments are popping up across the city. The construction of One Uptown in the Domain area has just started, and other mixed-used developments are in planning like Velocity in South Austin and Northline in Leander. With no seasonal pause noticeable this year, it seems like the market is continuing to strengthen. If you have any questions about selling or buying real estate in this market, we’re here for you!

Dan and Yoori

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