Blog > First Look at September Stats: Pricing Remains Strong
We ran the numbers, and the results are in. September statistics show that the Austin market continues to stabilize, but gives an indication that our “new normal” will be stronger than the pre-COVID market. This isn’t surprising, given continuous economic news like Tesla’s HQ relocation, which really does seem to solidify our position as “the biggest boomtown that America has seen in 50 years.”
Market Highlights
- Total sales are down over September 2020 -10.65% for Greater Austin and -12.47% for the city of Austin (similar to August)
- Total sales are up over September 2019 +17.03% for Greater Austin and +8.67% for city of Austin
- Appreciation remains strong with most numbers showing +25% to +30% YOY price gains
- Homes are still moving quickly with a median of 7 days on market for both the city and the 5-County Area
| Greater Austin (5-County Area) | 9-2020 | 9-2021 | % Change |
| Total Sales | 3860 | 3449 | -10.65% |
| Avg Sold Price | $452,963 | $565,088 | 24.75% |
| Median Sold Price | $352,000 | $450,000 | 27.84% |
| Avg Sold $/SF | $210.53 | $275.02 | 30.63% |
| Median Sold Price/SF | $172.73 | $241.53 | 39.83% |
| Median Days on Market | 11 | 7 | -36.36% |
| City of Austin | 9-2020 | 9-2021 | % Change |
| Total Sales | 1532 | 1341 | -12.47% |
| Avg Sold Price | $576,267 | $679,871 | 17.98% |
| Median Sold Price | $430,000 | $549,900 | 27.88% |
| Avg Sold $/SF | $283.08 | $354.55 | 25.25% |
| Median Sold Price/SF | $244.30 | $311.67 | 27.58% |
| Median Days on Market | 8 | 7 | -12.50% |
| 9-2019 | 9-2021 | % Change | |
| Greater Austin Sales | 2947 | 3449 | 17.03% |
| City of Austin Sales | 1234 | 1341 | 8.67% |
What does this mean?
September appreciation numbers are very similar to August. We now have 4-7 months of consistent pricing data, so pricing properties is no longer difficult. We’re continuing to see a return to normal market seasonality. However, September 2021 was noticeably stronger in sales volume than the “normal” pre-COVID market in 2019, which is the first indicator that our “new normal” will be stronger than the pre-COVID market.
If you’re a buyer:
The fall and winter markets almost always provide buying opportunities. There is generally less competition. The downside is that there are less homes to choose from. If you’re a buyer, it makes sense to continue your search in the fall with the understanding that it will be easier to purchase a home if you can find a great home that works for you. We expect to see more homes hit the market in the early spring.
If you’re a seller?
The fall and winter months are almost always tougher for sellers. Homes do sell and pricing remains strong, but it’s a different experience than sellers saw only a few months ago. While we do see many multiple offers, they are not guaranteed. If you’re a seller, it makes sense to keep your home on the market in the fall, but it’s tactful to remove your property in November in order to relist in the early spring (unless you have pressure to sell.)
Always bear in mind that real estate is hyperlocal and hyper-situational so leave us a message if you have questions over your specific market or situation. We’d absolutely love to help!