Here is the Austin market statistics for single family homes. We take a look at the average sold price in the various communities in Austin and how much money you would need to make an offer on a property with 20% down.
Down Payments
Many buyers want to put 20% down when purchasing a house. We have complied data from the various cities in the central Austin market. The first chart shows various communities. The second shows the amount of money that would be required to make a down payment of 20%.
As shown in the above chart the amount of down payment needed in Austin has increased by as much as 16.2% in June, though thankful it is now sitting at about a 7% increase. Buda, Cedar Park, Leander , Kyle, Pflugerville and Round Rock saw increases of 30% or more since the beginning of the year.
Austin Market
We have run preliminary numbers using ABOR’s data for the metropolitan statistical area and for the Travis County and Williamson County and present the following market statistics. These numbers only account for the sales of single-family homes and do not include townhomes or condos.
The market statistics for the Austin MSA show that the market is beginning to normalize and that is one reason for the sales decreases that we are seeing. August showed between 10% and 12% sales decreases in total units for this time last year while we continued to see the average sold price increase from the same time last year. We are still seeing the days on market sit at six days across the counties that we track. I would not be surprised to see the number of days on market begin to increase as we see more inventories enter the market.
Austin News
Here are some recent news articles on the Austin economy that you may find interesting. This will also give you an idea of what is happening in the Austin region.
Williamson County has called a special meeting for September 8th, 2021 to discuss $17 billon Samsung project agreement approval. The meeting will be to discuss a Chapter 381 economic and development program agreement will be discussed. Documents that have been submitted show the plant would be located southeast of Hwy. 79 and west of FM 973 at CR 401 and CR 404. Here is more info on the Samsung deal.
A Tesla supercharger station is expected by the end of 2021 in Round Rock. The supercharger location will have 16 planned charging station. Here is more info about the Tesla Supercharging Station project.
As housing prices increase the communities of Pflugerville, Hutto and Round Rock are looking at ways to provide a diverse array of housing options for people of various socioeconomic means. Here is more info about the steps Hutto, Round Rock and Pflugerville are taking to maintain affordability.