September Austin Market Stats: Endless Summer?Posted by The JBGoodwin Team on
Effects of the COVID pandemic had Austin homeowners holding on to their homes and bringing inventory down to a record-low 1.2 months.
But tight inventory didn’t stop overall homes sales dollar volume from rising 51.5%, to go along with a 12.1% increase in median home price increase.
September can be a slower month for home sales in Austin, but with lockdown uncertainties making their impact this year, the summer sales season seems to have extended into the fall.
“The housing market is pumping billions of dollars into our region’s economy at a time it’s greatly needed, but we also need to be cognizant of the impact such rapid activity is having on record-low inventory levels and rising home prices,” said Romeo Manzanilla, the Austin Board of…
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