Austin, a booming Texas destination for both individuals and companies, is expected to be the Nation’s hottest housing market in 2021 according to Zillow. In 2019, Austin was predicted to be the hottest market in the USA, and that proved to be true in 2020. So what does that mean for people looking to live in the city in 2021?
Currently the market is far from equilibrium; Austin’s housing inventory is actually less than 1 month supply which is incredibly low. In addition to this, most houses have been selling for 10% to 15% over asking price due to high demand. For those interested in moving to Austin now or in the near future, it will be challenging to purchase a home in such a competitive market. The advice that we would offer would be to plan as much in advance as possible – know what criteria are your deal breakers for a property, establish goals so you have a definitive timeline and look into trusted real estate agencies and agents in the area.
Read more about Zillow’s predictions for Austin’s real estate market here and download the archived PDF of the here.
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