After spring slowdown, Southwest Austin housing sales now up 8.9% compared to 2019

Housing inventory across the Austin metropolitan area reached an all-time low in November.. (Nicholas Cicale/Community Impact Newspaper)
Housing inventory across the Austin metropolitan area reached an all-time low in November.. (Nicholas Cicale/Community Impact Newspaper)

Housing inventory across the Austin metropolitan area reached an all-time low in November.. (Nicholas Cicale/Community Impact Newspaper)

This spring, home sales in the Southwest Austin region slowed as the coronavirus pandemic contributed to increased unemployment and low housing inventory, and new restrictions were put in place on showings for home sellers and buyers.

After seeing year-over-year declines of 24% and 31% in April and May respectively, sales began to rebound in June. Now, 11 months into the year, Southwest Austin home sales are up 8.9% compared to 2019, according to the latest data by the Austin Board of Realtors.

In November alone, Southwest Austin residential home sales were up 23.8% year-over-year, with 427 sales totaling $232 million. The monetary value of homes sold in November was a 53.8% increase compared to 2019 data, and median home prices in Southwest Austin were up 14.5% year-over-year, standing at $434,950.

Through 11 months, there have been 4,579 home sales in Southwest Austin.

Across the Austin-Round Rock metropolitan area, there were 3,397 total sales in November, a 23.8% jump year-over-year. Total sales for the year are up by 8.3% year-over-year.

“Despite the economic roadblocks and challenges the global pandemic has presented, Austin’s housing market activity is stronger than it’s been in several years,” 2020 ABoR president Romeo Manzanilla said in a news release.

Housing inventory across the metropolitan area area also reached an all-time low, according to ABoR, with inventory under one month for the first time ever. In Southwest Austin, inventory was only 0.4 months, according to the data.

“Our main challenge in this market is navigating the critically low levels of inventory,” Manzanilla said. “This near-zero level of housing inventory throughout the region is staggering, and it will put enormous pressure on home prices and the rental market.”
By Nicholas Cicale
Nick has been with Community Impact Newspaper since 2016, working with the Lake Travis-Westlake and Southwest Austin-Dripping Springs editions. He previously worked as a reporter in Minnesota and earned a degree from Florida State University.


The Office of Police Oversight released its first comprehensive report detailing its operations though 2019 and 2020 this June. (Ben Thompson/Community Impact Newspaper)
Office of Police Oversight report finds complaints against Austin police officers went up, but discipline fell in 2020

The new report centers on the office's three main functions, including tracking APD officer discipline, reviewing the city's police policies, and engaging with Austin residents.

Dreamland adding a disc golf course to its Dripping Springs outdoor entertainment and arts offerings in June. (Courtesy Dreamland)
Dripping Springs and Driftwood business news: Dreamland gets disc golf, new dog grooming business gets closer to opening and more

The new disc golf course at the outdoor entertainment venue sits on 42 acres and is free to play through June.

Volunteers of Austin Vaccine Angels gathered after becoming fully vaccinated. (Courtesy Jodi Holzband)
Grassroots groups aimed at vaccine outreach look toward the future

For the past five months, grassroots volunteer groups have been working to connect thousands of Central Texans to COVID-19 vaccines.

Washington Prime Group Inc. owns six area shopping centers, including The Arboretum. (Courtesy The Arboretum)
Owner of Austin-area shopping centers files for bankruptcy; entertainment complex coming to Cedar Park and more top area news

Read the top business and community news from the past week from the Central Texas area.

Photo of a woman and girl walking the trail with the Austin skyline behind them
Travis County commits to electrify fleet, doubles down on climate goals

Commissioners directed staff this week to develop a plan to fully electrify Travis County's fleet of vehicles, a leading source of greenhouse gas emissions for the county.

The Bloomhouse—an 1,100-square-foot home in the hills of West Austin—was built in the 1970s by University of Texas architecture students for fellow student Dalton Bloom. It was featured in the Austin Weird Homes Tour of 2020. (Brian Perdue/Community Impact Newspaper)
Austin Weird Homes Tour ends; Z’Tejas to close Arboretum restaurant and more Central Texas news

Read the latest business and community news from the Central Texas area.

Project Connect's proposed Orange Line will run from Tech Ridge, through downtown Austin and to Slaughter Lane. (Rendering courtesy Project Connect)
Project Connect Orange Line design reveals proposed locations for rail stations in North, South Austin

The latest Orange Line design shows potential elevated rail line over I-35, as well as options for the Drag.

Photo of a weird home
Austin's Weird Homes Tour says goodbye—for now

The tour's founders say they are open to a new local operator taking over the event.

The former hotel off I-35 had most recently been used as a COVID-19 homeless Protection Lodge. (Courtesy City of Austin)
East Cesar Chavez encampment residents move into former South Austin hotel

Through Austin's HEAL initiative, residents of an encampment near East Austin's Terrazas Branch Libarary were relocated to a South Austin shelter before that camp is cleared away.

The regional blood bank appealed for further donations in the wake of the June 12 shooting in downtown Austin. (Courtesy We Are Blood)
We Are Blood appeals for blood donations following weekend shooting in downtown Austin

The Central Texas nonprofit also said its blood supply remains depleted due to decreased donations through the COVID-19 pandemic.

Photo of a man holding robotic equipment
Tesla teams up with Austin Community College for manufacturing training and hiring program

The Tesla START program will hire and train ACC students to work with robotics and other advanced manufacturing equipment.

Austin City Council's Housing and Planning Committee met virtually June 15. (Screenshot via City of Austin)
Austin City Council members, city Realtors talk housing market increases and affordability

The median sale price of Austin homes surged past $500,000 through the first five months of 2021.