December 2020 Housing Market Report for Central Texas

The Austin-Round Rock Metropolitan Statistical Area (MSA) once again closed 2020 by breaking records. Housing demand across the Austin metro area reached record-breaking levels.

According to the December 2020 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS®
(ABoR), a record-breaking 40,165 homes totaling $17,579,802,503 in sales volume were sold across the Austin area last year.

In December alone, residential home sales across the five-county MSA, that includes Travis, Williamson, Hays, Bastrop, and Caldwell Counties, jumped 16.2% year over year to 3,626 sales, a record for the month of December, and the median price increased by 15.8% to 370,000, an all-time record for the MSA.

Sales dollar volume in December also increased 41.1% to $1,784,023,513 and pending sales increased 40.8% to 3,114. Housing inventory declined 1.1 months to a record-low 0.6 months of inventory for the entire MSA. Homes spent an average of 36 days on market, 25 fewer than December 2019.

All indicators show that the outlook for the 2021 housing market is very good, noting that Austin’s demand-driven market will continue to show strength and homes will keep selling quickly.

But, the region continues to experience record-low inventory levels, which in turn drive the prices up and sellers are experiencing multiple offer situations. The area’s new home builders can’t build homes fast enough to keep up with the demand.

Below we’ve provided the market housing stats for Austin, Cedar Park, Round Rock, Lakeway, Leander, and Georgetown. As you’ll see, with inventory levels at record lows, now is the time for seller’s list their properties to take advantage of the higher selling prices and quick sales.

Urban to Suburban Realty offers an Affordable Full-Service Listing program designed to save you money, allowing you to apply more dollars on your next home. You’ll save even more when you purchase another property with us. Contact our team to learn more.

CityMedia PriceClosed SalesActive ListingsMonths Inventory
Austin$456,500
Up 16.7% YoY
1,259
Up 19.5% YoY
775
Down -35.5% YoY
0.7
Down -0.4% YoY
Cedar Park$368,000
Up 14.7%
83
Down -11.7% YoY
2
Down -95.7% YoY
0.0
Down 0.4 YoY
Round Rock$316,000
Up 17.0% YoY
176
Up 12.8% YoY
21
Down -83.2% YoY
0.1
Down -0.7 YoY
Lakeway$636,250
Up 29.2% YoY
49
Up 22.5% YoY
23
Down-77.7% YoY
0.5%
Down -1.9 YoY
Leander$323,000
Up 6.1% YoY
115
Down -15.4% YoY
10
Down -95.2% YoY
0.1
Down -1.8 YoY
Georgetown$321,248
Up 19.2% YoY
197
Up 35.9% YoY
84
Down -68.8% YoY
0.6
Down -1.5% YoY

About the author

Rich Patterson has been a REALTOR® since 2006 and is the Owner of Urban to Suburban Realty.
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