Austin home prices climb to new records despite sales slowdown

[Neil Narayan]

ABoR says home sales in the region slid 12.1 percent last month compared with October 2020. However, the median sale price in the area rose 24.7 percent year over year to an October record: $455,000. This is also a slight uptick from the September 2021 median home price of $450,000 in the Austin-Round Rock market.

Here’s how submarkets in the Austin area performed in October:

• City of Austin: The median home price climbed 21.1 percent year over year to $536,000­­, while home sales decreased 11.7 percent.
• Travis County: The median home price increased 21.8 percent year over year to $522,625, while home sales fell 16.9 percent.
• Williamson County: The median home price soared by 33.4 percent year over year to $430,000, while home sales declined by 4.4 percent.
• Hays County: The median home price jumped 30.6 percent year over year to $399,750, while home sales slipped 11.2 percent.
• Bastrop County: The median home price increased 28 percent year over year to $334,000, while home sales dropped by 20.5 percent. 
• Caldwell County: The median home price rose 19.7 percent year over year to $291,500 while home sales stayed level.
• https://austin.culturemap.com/...