Below are the five-year averages for our Austin metro single family home sales between 2020 and 2024. For the first image, Number of Home Sales, I note the following:
- 2000 and 2001 were the Covid years which created aberrations in every statistic of our home sales that we will likely never see again in our lifetimes.
- Therefore, it is best that we confine our analysis to the past 3 years which you notice track very similarly.
- The Federal Reserve began our meteoric rise in interest rates in Feb/2022 and continued them for nearly 1.5 years. This action tanked our real estate market and caused a malaise that only bottomed out in Oct/2024 when we began to see positive signs in our Austin market.

For our Average Sales Price below, you can see how quickly home prices rose in 2020 and continued in 2021. This shot average sales prices up from $370,659 in Jan/2020 to $568,258 in Dec/2024…an increase of $197,599 or 53%. So, while those of you who owned Austin homes during the past 5 years may have felt that you gave up that gain the past 2-3 years, in reality, you’ve gained an average of just over 10%/year during the 5 years.

Finally, we have the Monthly Inventory image below. Inventory is defined as the number of months it would take to sell all homes currently on the market at the current sales rate.
- During the aberration years of 2020-2021 Austin saw historically low inventory numbers down to only .40 months. Considering a “Sellers” market is less than 6 months, you can see just how red hot our market was during those years.
- Looking at the last 2-3 years, our inventory has, indeed, gone up, but we only topped out at 4.79 months which is still into the “Seller’s Market” category. This also explains why home prices have stayed steady.

(512) 853-0110 or robert@AustinTxHomeSales.com