Experts Predict Austin To Be No. 1 Housing Market In 2021
According to a recent survey, experts in real estate, the economy, and investments have called predicted that Austin will be the hottest housing market in the nation in 2021. For those of us that live here, this comes as no surprise. The home-value growth we have seen in our market has been unprecedented. The potential drawbacks mentioned in the study are the supply of houses and the "questionable affordability." In 2020, we saw the median price of homes listed rise 23 percent from 2019. These home prices are still much more affordable than the incredibly expensive areas on the East and West coasts. Because of this, the influx of tech companies, and the draw of being a Sun Belt city people will continue to be drawn to the Austin market and we don't see it slowing down any time soon!