Welcome to the May 2021 real estate market report for the Austin area.
It doesn't get hotter than Austin right now, and we're not talking about the weather. Median home sale prices have climbed to $416,000, an incredible 42% increase from May 2020. There is very little available inventory in the city right now, with just 0.6 months of supply and a homes staying a ridiculously low average of 18 days on the market.
You can review the full numbers in the infographic below:
Check back next month to see how Austin's housing market performed in June.
Orchard guarantees your home will sell, so you can buy your next one worry-free.
We provide peace of mind that your home will sell, plus list your home on the market to maximize your earnings.
Use our home sale calculator to estimate your net proceeds.
Our Home Advisors are experienced local agents who know how to sell for top dollar and help win your dream home.
All Orchard Home Advisors are experienced agents who know your local market inside and out. Request a consult today.
Did you know cash offers are 4x more likely to be chosen by a seller? Let us help you make one on your next home.
Orchard’s home value estimates are 30% more accurate.
Orchard Home Loans shops the market to find your best rates.
A cash offer is 4x more likely to be chosen by a seller. Get qualified today.
Make a cash offer now, and Orchard will sell your old home after you move.
Tell us your must-haves to see personalized home recommendations that meet your criteria.
With Orchard, secure your dream home before you list. Avoid home showings, rentals, and double moves.
Learn More