June represented another record breaking month for Austin’s real estate market, according to the Austin Board of Realtors’ June Central Texas housing report released July 15.
The Austin-Round Rock Metropolitan Statistical Area saw an 8.6% year-over-year increase in the number of homes sold in June. The 4,369 homes sold—a record for the month—contributed to an overall 16.5% spike in home sales for the first half of 2021.
Across the five-county MSA, the median home price increased 43% compared to the same time period last year to reach $482,364. Additionally, regional housing inventory dropped to 0.6 months.
“In June, and in the first six months of the year, we saw a confirmation that Austin’s housing market is one of the strongest in the nation,” Susan Horton, 2021 ABoR president, said in the report. “Our market has established its own new normal, as median prices climb while inventory remains low.”
