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Homes priced from $1 million and above recently redefined by the HAR Multiple Listing Service (MLS) as the luxury market (it was previously defined as $750,000 and above) led the way in sales with a 34.6 percent year-over-year increase. That was followed by the $500,000 to $1 million segment, which rose 28.3 percent. The $250,000 to $500,000 housing segment came in third place with an increase of 27.4 percent.

The single-family home average price rose 13.4 percent to $372,408 and the median price climbed 13.3 percent to $300,000. Pricing overall has moderated after reaching record highs in June.

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• 1.1 months of inventory

Quote:

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As residential home sales in the Austin Round-Rock MSA declined 5.1% to 3,682, the median sales price grew 28.5% year over year to $450,000. At the same time, sales dollar volume increased 18.5% year over year to $2,078,429,244. New listings increased 16.9% to 4,136 as active listings grew 0.7% year over year to 3,723 listings and pending sales declined 1.1% to 3,552 across the MSA. Monthly housing inventory dipped 0.1 months to 1.1 months of inventory and homes spent an average of 17 days on the market, down 22 days when compared to September 2020.

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• 0.9 months inventory for College Station (that's less than the Austin MSA)
• 1.4 months inventory for Bryan
• This is a tight market