Austin racked up $17 billion in home sales during another record year Median home prices in Austin hit $461,000 last month.
Photo by Ian Nolan/Getty Images Austin home sales topped $17.5 billion last year, a fitting end to an unbelievable year that shattered sales dollar, median home price, and sales volume records month after month.
Austin Board of Realtors released its hybrid December 2020/year-end report on January 21, offering a bird s-eye view of a truly remarkable year for residential real estate. As 2020 ended, sales volume reached $17,579,802,503 more than $4 billion more than 2019. With that windfall came increasing median home prices inside Austin s city limits and across the five-county metro area. By the year s end, the median home price inside the Austin-Round Rock metro area hit $344,000, a 9 percent increase over 2019. Inside Austin, that number was $420,000, a 12 percent climb over last year, while Travis County s median price sat at $405,000, also a 12 p
Thursday, January 14, 2021
Economists at the Texas Real Estate Research Center at Texas A&M found that Hays County had an extremely strong housing market in 2020, according to an evaluation of the Multiple Listing Service.
Research Economist Dr. Luis Torres said that ultra-low inventory combined with a record number of sales for 2020 and a record increase in prices during a pandemic and a recession is extraordinary and shows the strength of the market in Hays.
The county saw a historically low one month inventory at the end of 2020 alongside its highest number of annual sales at 4,854 up from 3,991 in 2019 and an 11% increase in the median price of a home from $266,000 in 2019 to $295,000 in 2020. The center projects an 8.4% increase for all of Texas single-family sales for 2021.
North Texas home buys set record in 2020
Area real estate agents sold more than 119,000 homes last year.
North Texas home sales for all of 2020 were up 10% from 2019.(Steve Brown )
Soaring sales in the final months of the year led to a record number of North Texas homes purchased in 2020.
Real estate agents sold 119,121 single-family homes last year a 10% rise from the previous record set in 2019.
In December alone, 10,690 homes sales were handled by North Texas agents, the largest total ever for the last month of the year, according to data from the Texas Real Estate Research Center and North Texas Real Estate Information Systems.
D-FW home prices are forecasted to rise by more than 5% in 2021
Local price increases will trail the national rise.
D-FW home prices are already at record levels.(Steve Brown )
Dallas-Fort Worth home prices are predicted to grow by more than 5% this year in a new forecast.
California-based Construction Coverage, a building industry research and reporting firm, predicts that median Dallas-Fort Worth home values will grow at a lower rate than the nation in 2021.
Home prices across the entire country are expected to increase by 7.9%.
“Record low home inventories in tandem with historically low mortgage interest rates will most likely ensure home prices continue to rise,” Construction Coverage’s new forecast says.
Is that light at the end of 2020′s very dark tunnel? Here’s the year-ahead outlook for key Dallas-Fort Worth industries
Jobs, air travel, oil prices, online buying and possible Medicaid expansion the topics that could dominate business news headlines in 2021.
With 2020 in the rearview mirror, some vital Dallas-Fort Worth industries see light at the end of the tunnel.(Michael Glenwood/Special Contributor)
Hotel California.
you can check out any time you like, but you can never leave sum up our year of fighting off an invisible virus.
We enter 2021 seeing glimmers of light at the end of the long, pitch-dark and deadly tunnel.