Austin Market Statistics
Austin continues to do well in the National news and is still a very desirable place to live in, lets take a look at the Austin metro market statistics for September.
Recently Austin received the following accolades
- Ranked #6 on CBRE’s Tech Talent Scorecard. The ranking is based on a cities ability to attract and grow tech talent.
- Ranked #9 on Most Educated cities in America
- Named least stressed city in America
- Ranked #1 for Best State capital to live in
- Ranked #2 for Best city for millennials
- Ranked #5 for most recession resistant city.
These things make the Austin real estate market extremely attractive to people moving from other states. The following firms have announced expansion or relocation into the Austin area
- Tesla
- Amazon
The real estate market has continued to surprise us, and we have decided to begin sending “first look” market statistics at the beginning of every month. These are preliminary numbers that we run in house. We hope you find this valuable!
Market Statistics
We have looked at numbers from the Austin metro area, along with numbers specifically for Travis and Williamson County. Here is what we found for the month of September
The broader market appreciated at 12.34% when considering average price per square foot and 16.64% when considering average sold price. The sales in the Austin Metro area where up 18.12% and the amount of time a home was on the market decreased by 17 days on average.
Travis County also saw sales increase by 13.81% while average price appreciated by 20.58%. Again the amount of time a home was on the market decreased by 14 days on average. Take a look at Single Family residence that are available for sale in Travis County Homes
Williamson County also saw sales increase by 16.74% and on average homes appreciated by 10.88%. Homes were on the market for an average of 17 days less. Take a look at Single Family residence that are available for sale in Williamson County
Builders are taking advantage of the land available in the Austin metro area and continue to build new homes in these areas. One issue that the builders are facing is that the price of lumber has been skyrocketing lately which has affected new home prices this year. The spike in the cost of lumber has caused the average new home price to increase by $14,000 this year. The spike has also seen a halt in new construction in some areas, though it has not affected Austin yet.
We will be back in touch with you when we have the full set of metro Austin market statistics for the month of September and will be sending out quarterly market reports to our past clients or those that request one.
If you or anyone you know need any resources, or is looking to buy, sell or lease, please feel free to reach out and we would be glad to assist.
Stay healthy!