Can the generational winter weather event that just made its way through Texas slow down the Austin housing market?
Because nothing else has.
Across the Austin area, home sales dollar volume skyrocketed an astounding 53.5% to more than $1.1 billion dollars year-on-year, while pending sales increased 15.9% in January.
Despite 2,878 new listings in January, active listings dropped 73.9% across the region. Housing inventory fell 1.3 months to a record-low 0.4 months of inventory, as homes spent an average of 33 days on market—literally half of what it was in 2020.
“There is strength across every price point and demand for every product,” said Vaike O’Grady, regional director with housing market research firm Zonda.
“Despite developers building as quickly as…