AUSTIN, TX — According to the Austin Board of REALTORS® (ABoR) November Central Texas Housing Report, closed listings dipped 4.9% to 3,215 across the Austin-Round Rock MSA in November. This occurred even as the housing market remains on track for a record-breaking year, with closed listings outpacing 2020 by 3.1% last month.
In November, 53% of the 3,215 closed listings —1,694 homes —sold between $250,000 and $500,000, today’s typical price range for first-time and first-time move-up homebuyers. This data indicates that despite a fast-paced market and record-low inventory, opportunity still exists to find the right home
In November, median sales price rose 29.7% to $470,000 — a record for the month of November — and sales dollar volume rose 20.5% to $1,882,296,166. New listings increased 6.7% to 2,950 as active listings ticked down 2.2% to 2,768. Concurrently, pending listings rose 7.6% to 3,407 as inventory dropped 0.1 months to 0.8 months of inventory. Homes spent an