The Austin housing market is soaring. With demand up and few houses to choose from, the Austin home prices are soaring and the buyers have to bear the brunt. The Austin real estate market has been unscathed by the pandemic throughout with the real estate industry pumping billions of dollars into this region's economy. Austin home prices are predicted to continue their upward climb in 2021.
Total home sales in 2020 were higher than in 2019 despite a dip in the early spring season due to the pandemic. A record-breaking 40,165 homes were sold. $17,579,802,503 in sales volume were sold across the Austin area last year. Sales dollar volume is a key indicator of sales activity and prices.