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Austin Housing Market Update

March 13, 2021 5:57 pm

Austin TX homes are in short supply relative to the number of buyers in the market. More houses were started in Central Texas than ever before, yet buyers still found themselves facing stiff competition for those new homes.

Median home prices also reached a new high at $313,594 in 2020. The good news for buyers is that the trend is expected to continue for the foreseeable future. Homes bought today should quickly gain value in the near future. At that rate, homeowners in the region will build equity faster than in other areas of the country.

New residents are drawn to the Austin metropolitan area by good job prospects, a relatively affordable cost of living, and lifestyle factors. Austin has abundant venues for entertainment, recreation and sports. Tesla, Samsung, Oracle, Apple and many other tech companies are based in the area, and several are in the process of expanding.

At Buffington Homes, we’re working hard to keep up with the demand for new homes in 8 communities around the Austin area.

Southwest of Austin, we build in TRACE, La Cima and Blanco Vista in San Marcos. West of Austin we build in Esperanza in Dripping Springs TX and Rutherford West in Driftwood TX (currently sold out).

East of Austin, our communities are The Colony in Bastrop TX, Whisper Valley in Whisper Valley TX and ShadowGlen in Manor TX.

In each community we offer a variety of home designs. In keeping with today’s lifestyles, our homes are designed with open-concept main living areas, retreat-like owner’s suites, and flex spaces that can be adapted to your family’s changing needs. Two-car garages and covered back patios add more storage space and allow for comfortable outdoor dining or relaxation. Each home plan can be tailored to your preferences with customizable features inside and out.

When you build with us, you can be sure of getting a high-quality energy-efficient home that will provide you and your family with years of enjoyment and a great investment for the future.

Chat with Kyle Henson today or call or text him at 512-856-5664 to schedule a live or virtual tour of our communities of Austin TX homes.

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