Austin Real Estate | MLS Sold Comparison 2005-2017

Posted by Mary Ann Castro on Tuesday, September 26th, 2017 at 9:45am.

The hot Austin real estate market didn’t disappoint the speculators and only seemed to rapidly gain steam as the summer months drew on. But, how did we get here? Despite a brief 3-year decline during “The Great Recession” of the late-2000s, the Austin real estate market very quickly bounced back. Between 2011 and 2013 alone there were 9,000 more homes sold in Austin—going from a paltry 21,208 to over 30,000. Take a look at these numbers and more in the image below.

Key Statistics

  • 936 more homes sold in August 2017 than August 2016.
  • Home prices up 5.5% in 2017.
  • 16% more homes put up for sale in August 2017 than August 2016.
  • Inventory is still well below 2010’s balanced market.

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