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George Wang
Broker/ Realtor®

Texas Fortune Realty
P O Box 160371
Austin, TX 78716

Phone: (512)694-6060
WeChat: GeorgeWangAustin
TREC #605970

August 2021 Austin MSA housing market calming, still a top-market in U.S.

AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) August 2021 Central Texas Housing Report, home sales decreased 4.6% compared to August 2020. The data indicates the market is calming as typical seasonality has returned in terms of number of closings, even as median sales prices maintained the gains made over the course of 2021. Despite setting a record for the month of August with a median sales price of $470,000 across the MSA, prices are no longer increasing at a significant rate month to month.  

Commission Rebate for home buyer

As residential home sales in the Austin Round-Rock MSA declined 4.6% to 3,849, the median sales price jumped 34.7% year over year to $470,000—a record for the month of August. Sales dollar volume increased 18.7% year over year to $2,208,535,793. Monthly housing inventory dipped 0.3 months to 1.0 months of inventory compared to August 2020, the highest level of inventory across the MSA since October 2020.  

Austin Real Estate Statistics August 2021

According to Mark Sprague, economist, and the state director of information capital for Independence Title, Austin’s market is exactly where it should be based on demand.  

“Austin’s economic resiliency has led the MSA to be a leading market in the nation in terms of single-family permit applications for new construction. The national average for permit applications is down 31% compared to peak applications during 2002-2008, but the Austin area is up 28%. The bottom line is that Austin’s market can be challenging, there are still many opportunities to find the right home and build equity.”  

Last month, new listings increased 14.1% to 4,409 listings; active listings declined 19.1% year over year to 3,380 listings; and pending sales decreased 8.6% to 3,970 listings. Homes only spent an average of 14 days on market last month across the MSA, a decrease of 30 days from the year prior. 

City of Austin  

In August, home sales ticked up 0.2% to 1,244 sales, while the median home price rose 27.1% year over year to $540,000—a record for the month of August. During the same period, sales dollar volume increased 20.9% to $812,406,833 as new listings increased 2.7% to 1,345 listings.  Compared to August 2020, active listings dropped 27.7% to 1,048 listings,  and pending sales decreased 6.9% to 1,201 pending sales. Monthly housing inventory decreased 0.5 months year over year to 0.9 months of inventory.  

Travis County

In Travis County, home sales also decreased 3.7% to 1,935 sales, and sales dollar volume climbed 10.7% to $1,278,954,470. The median sales price increased 25.5% year over year to $527,000 as new listings increased 4.7% to 2,134 listings and active listings declined 22.1% to 1,728 listings. Compared to August 2020, pending sales decreased 11.4% to 1,914 pending sales as the inventory decreased 0.4 months year over year to 1.0 months of inventory.  

Williamson County  

In August in Williamson County, home sales decreased 4.2% to 1,314 sales, while sales dollar volume increased 36.6% to $642,737,607. Median prices rose 46.6% to $441,000, and new listings climbed 23.6% to 1,434 listings. During the same period, active listings declined 7.4% to 1,005 listings, and pending sales fell 6.3% to 1,348 pending sales. Housing inventory ticked down 0.1 months year over year to 0.9 months of inventory.  

Hays County  

Last month, home sales decreased 10.5% to 437 sales as sales dollar volume climbed 21.2% to $225,932,518 in Hays County. The median price for homes increased 30.3% to $399,000 as new listings rose 31% to 625 listings. Active listings decreased 16.4% to 460 listings while pending sales decreased 3.5% to 521 pending sales. Housing inventory decreased 0.3 months to 1.0 months of inventory.  

Bastrop County  

In August, Bastrop County home sales increased 8.7% to 138 sales, and sales dollar volume jumped 34.4% to $51,699,919. During the same period, the median price rose 19.7% to $334,000 as new listings climbed 13.9% to 164 listings, while active listings declined 43.5% to 139 listings. Pending sales dropped 21.8% to 133 pending sales as housing inventory decreased by 1.4 months to 1.0 months of inventory.     

Caldwell County  

In Caldwell County, August home sales decreased 34.2% to 25 sales, and sales dollar volume declined 11.2% to $7,853,346. The median home price increased 50.5% year over year to $321,250. At the same time, new listings increased 18.2% to 52 listings, as active listings fell 38.5% to 48 listings. Pending sales increased 58.5% to 54 pending sales, and housing inventory decreased 1.3 months to 1.6 months of inventory.   

For more information or to download the August 2021 Central Texas Housing Market Report, visit

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