[email protected] 512-710-0337

Austin, Texas August 2020 Housing Market Statistics

Austin-area housing market remains undeterred amid ongoing pandemic AUSTIN, Texas—As the summer-selling season comes to a close, the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report indicates the Austin-area housing market continues to exhibit strength, despite economic setbacks amid the ongoing pandemic. The Austin-Round Rock MSA posted robust gains this August, as home sales experienced a double-digit increase of 12.9% year over year to 4,019 sales.

In addition to an increase in home sales across the five-county MSA, sales dollar volume jumped 35.3% to $1,889,382,006, and the median price rose 11.3% to $355,000. New listings slightly increased 1% to 3,862 listings, and pending sales soared 40.1% to 4,533. At the same time, active listings dropped 44.9% to 4,257 listings. 

“The pandemic has put our market in a unique situation. As more people are working from home and have the opportunity to relocate, Austin-area homes are selling faster now than ever before,” Romeo Manzanilla, 2020 ABoR president, said. “Austin’s popularity has left the market with critically low levels of housing supply, which continues to drive home prices up. While home prices are rising, historically low interest rates are giving buyers increased power to meet the increases. Buyers should be aware of just how competitive this market has become, and would benefit enlisting the help of a REALTOR® who can help every step of the way during the homebuying process.”

Homes across the MSA spent an average of 42 days on the market, 10 days fewer days than August 2019, and housing inventory decreased 1.2 months to 1.4 months of inventory, well below the Real Estate Center at Texas A&M University’s benchmark of 6.0 months to maintain a balanced housing market.

Mark Sprague, state director of information capital at Independence Title, said that although Austin-area home sales dipped in the early Spring, the region’s real estate market as a whole has endured.

"It’s safe to say that August numbers solidify that Austin’s housing market has fully rebounded," Sprague said. "And, as long as we continue to see more job creation, we’ll likely see strong home sales throughout the remainder of the year. However, we started this year with a lack of inventory, and we’re going to end this year with a lack of inventory. Inadequate housing stock is going to be the main issue that holds the market back." 

City of Austin

In the city of Austin, critically low levels of inventory drove the median home price up 14.9% year over year to $435,000—an all-time high for any month on record. Residential sales barely increased 2.4% to 1,240 sales, as sales dollar volume jumped 19.9% to $682,748,453. During the same period, new listings increased 4.8% to 1,318 listings, active listings decreased 26.6% to 1,468 listings, and pending sales increased 20.6% to 1,314 pending sales. Monthly housing inventory decreased 0.5 months year over year to 1.5 months of inventory. 

Travis County

At the county level, residential sales increased 9.2% to 2,015 sales, while sales dollar volume spiked 39.9% to $1,182,976,984. The median price for residential homes increased 19.2% year over year to $430,000. During the same period, new listings slightly increased 1% to 2,046 listings, while active listings declined 41% to 2,253 listings. At the same time, pending sales rose 34.6% to 2,229 pending sales. Monthly housing inventory decreased 1.1 months year over year to 1.4 months of inventory. 

Williamson County

In Williamson County, August residential sales increased 13.5% to 1,343 sales, and sales dollar volume increased 23.1% to $467,254,216. The median price rose 5.7% to $307,500. During the same period, new listings decreased 6.3% to 1,154 listings, and active listings dropped 54% to 1,111 listings. Pending sales jumped 33.7% to 1,487 pending sales. Housing inventory declined 1.4 months year over year to 1.1 months of inventory. 

Hays County

In Hays County, August home sales spiked 31.7% to 499 sales, and sales dollar volume increased 45% to $192,109,298. The median price for homes increased 16.9% to $308,500. During the same period, new listings increased 12.6% to 475 listings, and active listings tumbled 46.4% to 556 listings. At the same time, pending sales skyrocketed 69.7% to 577 pending sales. Housing inventory decreased 1.7 months to 1.5 months of inventory. 

Bastrop County

In August, Bastrop County home sales increased 4.1% to 126 sales, and sales dollar volume increased 23.8% to $38,193,673. The median price for residential homes increased 16% to $278,500. During the same period, new listings jumped 29.7% to 144 listings, while active listings declined 24.4% to 260 listings. Pending sales spiked 98% to 200 pending sales. Housing inventory decreased by 1.0 months to 2.7 months of inventory.  

Caldwell County

In Caldwell County, August home sales increased 16.1% to 36 sales, and sales dollar volume increased by 7.4% to $8,392,577. The median home price dropped 1.7% year over year to $212,900. During the same period, new listings increased 19.4% to 43 listings, while active listings decreased 27.4% to 77 listings. Pending sales rose 53.9% to 40 pending sales. Housing inventory decreased 1.5 months to 2.9 months of inventory.  

For more information or to download the August 2020 Central Texas Housing Market Report, visit http://www.abor.com/statsaug20.


Each week we write a new article about the Austin real estate market based upon our collective knowledge of the city of Austin and the local Austin real estate market. Our goal is for our articles to serve as a reference for those currently searching for a home in Austin and those who will be searching for a home in Austin in the future. We are local Austin experts and real estate professionals, and are available to be your go-to resource for all things real estate in Austin. Whether you're ready to start your Austin home search today, or sometime in the future, we are here to guide you and protect your interests throughout the real estate transaction process.  Read our Austin real estate articles below to learn about the Austin real estate market. When you're ready to start your Austin home search, let us know.

Are You Ready to Buy a House?

Are You Ready to Buy a House?

It's time! You saved up, browsed local listings, and scouted locations for the perfect places to live. You are now...

Free Austin Home Buyer Guide

Wouldn’t it be great if there were an easy-to-understand, comprehensive guide on buying a house in Austin? Smart Austin has poured our extensive experience helping people in Austin buy and sell homes into an in-depth guide to help you on your Austin home search. This 112-page home buying handbook covers everything from mortgages, closing, moving, and more! All you have to do to get this guide is enter your email below.


If you’re on the fence about selling your home, the best thing you can do is look at a comparative market analysis for your local area. This will help you determine what price you might be able to sell your home for and decide if now’s a good time to sell home Austin Your free comparative market analysis is just a click away. All you have to do is submit your email address!

Whenever possible, I combine my love of tech and my passion for real estate. When mixed with my analytical skills, attention to detail, creativity, and business acumen, tech helps me deliver innovative solutions! In the end, my clients have the highest level of satisfaction!

More articles by this author:

Are You Ready to Buy a House?

Are You Ready to Buy a House?

It's time! You saved up, browsed local listings, and scouted locations for the perfect places to live. You are now ready to buy a home. But are you really? There is no question owning a home is one of life's most rewarding experiences. Not only is it fiscally smart,...

Should I Sell My Home Before I Buy My Next Home?

Should I Sell My Home Before I Buy My Next Home?

It’s that time! You’re ready to shop for a new home and wondering what steps to take first. Do you sell your home before you buy, or do you wait until your new home is secured and then list your previous home for sale? Both options are important to analyze because...

What Happens if a House for Sale, Never Sells?

What Happens if a House for Sale, Never Sells?

When you put your home on the market, your mind races with thoughts of what your new funds will do. Each day you think about how much you will make and how long it will take to make it. But what happens if it just…never…sells? If a home stays on the market, the chance...


Pin It on Pinterest