AUSTIN, Texas – Austin-Round Rock MSA home sales jumped 23.9% to 2,523 sales in January, according to
the latest Central Texas Housing Market Report by the Austin Board of REALTORS® (ABoR).
“The last week has shown us, once again, that our homes are more important than ever,” Susan Horton, 2021
ABoR president, said. “Austin REALTORS® are not just local market experts in buying or selling a home but
we can also provide guidance and resources for home repairs if your current home has been impacted by
the winter storms. If you are currently in process of buying or selling a home, talk to your REALTOR® about
how recent events might impact your closing timeline and what the appropriate next steps should be – this
can include insurance policy terms or additional inspections that may be required.”
Across the five-county MSA, home sales dollar volume skyrocketed 53.5% to $1,161,692,362 while pending
sales increased 15.9% to 3,365 in January. Despite 2,878 new listings in January—an 11% decline from 2020—
active listings dropped 73.9% to only 1,369 properties across the region. Housing inventory fell 1.3 months to
a record-low 0.4 months of inventory as homes spent an average of 33 days on market, 33 fewer days than
in 2020.
Vaike O’Grady, regional director with Zonda, said that high demand across all price classes, housing types and
geographies means that low inventory and a lightning-fast market conditions are not going away soon.
“There is strength across every price point and demand for every product,” O’Grady said. “Despite developers building
as quickly as they can throughout the region and more than 6,000 homesites projected to come online within the
next six months, the overall number of lots in development is only just able to keep up with current demand. This
means that homes will continue to sell as soon as they hit the market, and prices will continue to rise steadily in the
months to come.”
Horton added that the recent winter storms are only likely to increase housing demand in Central Texas,
emphasizing the importance of working with a REALTOR® to buy, sell, or rent a home
“While it will be weeks before we know the full impact of the winter storms on our communities, the
disruption in transactions and the high demand for repair services will further complicate an already complex
housing market. It is of the utmost importance to have a REALTOR® on your side to help you understand
all options available to you. That includes down payment resources and ways that you can bridge the gap
between selling your home and buying your next one.”
City of Austin
In January, residential sales increased 23.8% to 811 sales, a record for the month of January, as sales dollar
volume jumped 58% to $466,444,738. The median sales price in the city of Austin rose 19.7% to $455,000, a
record for the month of January. During the same period, new listings decreased by 7% to 956 listings, while
active listings fell 46.9% to 589 listings, and pending sales jumped 14.8% to 1,066 pending sales. Monthly
housing inventory decreased 0.6 months year over year to 0.5 months of inventory
Williamson County
In January in Williamson County, residential sales increased 11.2% to 763 sales, and sales dollar volume
jumped 28.7% to $272,029,213. The median price increased 16.4% to $322,750. During the same period,
new listings declined 14.9% to 921 listings, while active listings tumbled 85.9% to 252 listings. Pending sales
increased 5.3% to 1,059 pending sales. Housing inventory declined 1.5 months year over year to 0.2 months
of inventory.
Hays County
In Hays County, January home sales increased 50% to 324 sales, and sales dollar volume spiked 78.2% to
$128,186,266. The median price for homes increased 18.1% to $301,250. During the same period, new listings
decreased 4% to 360 listings, while active listings fell 80.8% to 156 listings. Compared to January 2020,
pending sales increased 40.4% to 483 pending sales. Housing inventory decreased by 2 months to 0.4
months of inventory
Bastrop County
In January, Bastrop County home sales climbed 66.7% to 115 sales, and sales dollar volume increased 81% to
$34,195,517. The median price for residential homes increased 10% to $265,000, as new listings increased
29% to 160 listings and active listings declined 70.7% to 93 listings. Pending sales skyrocketed 151.7% to 224
pending sales and inventory decreased by 2.6 months to 0.8 months of inventory
Caldwell County
In Caldwell County, January home sales increased 45% to 29 sales and sales dollar volume increased 45.7%
to $8,217,616. The median home price increased 10.6% year over year to $257,450. During the same period,
new listings fell 29.7% to 26 listings, while active listings dropped 44.9% to 49 listings. Pending sales also
declined 28.1% to 23 pending sales, as housing inventory decreased 1.9 months to 1.6 months of inventory.
