Austin, TX: Real Estate Facts, Stats and Trends from July 2021
Let’s be real, ATX real estate has seen an absolute explosion in growth recently. Those who live there can definitely feel the impact, but at the same time, we all know why: Austin is a fantastic and exciting place to live. With the help of resources from ABoR, we have compiled some real estate market trends and stats that will help show the magnitude of how much Austin really has grown in July 2021 from the county level, metro level and city level.
Let’s kick things off with some infographics:
Austin real estate metrics from the county level in July 2021.
Austin real estate metrics from the metro level in July 2021.
Austin real estate metrics from the city level in July 2021.
Key takeaways from these 3 infographics:
Median Sales Prices collectively increased by a whopping 35%, making the average median sales price of a home in this area $535,325. Yikes.
Homes in Austin lived an average of 12 Days on the Market, a significant decrease from the previous year by nearly 26 days, on average. The demand for Austin real estate is more real than ever.
The amount of Closed Sales dropped across the board by an average of 10.3%, which means there is clearly less inventory available with demand continuing to skyrocket.
Despite the dip in amount of Closed Sales, we saw a decent spike in Total Sales Dollar Volume, showcasing a 16.3% average increase. The scarcity factor for those looking to purchase is really setting in.
With the demand for homes increasing, and obviously, prices for homes increasing all throughout Travis County, you have to be even more weary of the property tax increases. This literally affects all homeowners, whether you are actively selling, buying or staying put.
Do you know who else is analyzing these real estate statistics? Your County Appraisal District. This is why it is so important for property owners to watch these stats with a careful eye. If you see a hefty 10% increase (or worse) when they mail out valuations, you know it's time to put us to work on your behalf! Texas Tax Protest takes on all the heavy lifting for you when it comes to protesting your property. We file your case, we handle all hearings, and we only charge you if we are successful. Simple as that. Sounds like a win-win? It definitely is. No strings attached.
Learn more about TTP here.
Coming soon, we will provide insight and statistics for the Greater Central Texas area. It’s always good to see the bigger picture when it comes to real estate values and market trends, that way you are complete in the know. Make sure you subscribe to our blog so you can get the latest news and Texas real estate market trends through TTP.
