Austin-Round Rock home sales jumped 23.9% in January, according to the latest Central Texas Housing Market Report by the Austin Board of Realtors.

End of year sales data for the region shows new records in 2020 with upward trends for prices and sales volume, but downward trends for inventories

Recent housing reports show continuation of rising prices, low inventory, and low times on market for area housing

Housing inventory for the Austin market dropped to an all-time low of 0.4 months in January, according to the Austin Board of Realtors (ABOR). That’s down from 0.6 months in December 2020 and 0.9 months in November 2020.

For the 10th straight year, annual home sales in Central Texas and the median price of those sales surpassed the year-before totals, with 2020’s records coming despite the global coronavirus pandemic.

KVUE recently spoke to Romeo Manzanilla, the 2020 president of the Austin Board of Realtors (ABOR) regarding developers’ needs to build outside of Travis County and the affect this trend has on Williamson County property values.

There was a 10.2% decline in new residential listings and an increase in residential sales according to Austin Board of Realtors (ABOR) data. Community Impact Newspaper reports on how this trend may affect your property value.