Austin new-home sales 'extraordinary' during pandemic
As builders 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. Industry experts say 2021 could mirror the housing market's recurring themes: high demand, low supply, and – to many buyers' dismay – rising prices. The median sale price for newly built homes in the Austin metro area last year was $313,594 – meaning half sold for more than that amount and half sold for less. The $313,594 was a 4.4% increase over 2019's median price and ...