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Austin new-home sales 'extraordinary' during pandemic

As buildersĀ scrambled to keep up with demand, housing construction in Central Texas reached record levels in 2020, with home starts – and the median sales price of those new-homes – hitting all-time highs.Ā  Industry experts say 2021 could mirror the housing marketsĀ recurring themes:Ā high demand, low supply, and – to many buyers dismay – rising prices. The median sale price for newly built homesĀ in the Austin metro area last year was $313,594 – meaning half sold for more than t...
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