Compare Listings

Supply-Demand Imbalance Raises Austin Home Prices

The cost of single-family homes in the metro is rising because of an imbalance between supply and demand.

The Austin Board of Realtors (ABoR) recorded 3,189 home sales through the MLS in August 2019, a 5.8 percent increase from last year.

However, while home sales continued increasing, market listings continued to decrease.

New listings dropped 7.1 percent year over year to 3,457 listings. Active listings decreased 9.3 percent to 7,074.

“While it’s typical to see a decrease in housing inventory and listings at the end of the summer, the continued year-over-year decrease in supply is proof that Austin’s housing stock is critically limited,” said ABoR’s Kevin P. Scanlan.

Due to the lower supply and higher demand, the median price for single-family homes increased 2 percent over the year to $326,000.

texaslogo.pngThe Real Estate Center has more information on housing:


Related posts

Your Next Property Tax Appraisal May Surprise You

When homeowners in Travis County receive their next property tax bill this fall, they will likely...

Continue reading

Buying New Construction

 You need an agent by your side when buying new construction. Here’s...

Continue reading

Avoid These 9 Undesirable Home Features

 Before you spend thousands on a new home upgrade, make sure it’ll be...

Continue reading

Join The Discussion