California is fukking up the city of Austin

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Austin Culture Map: Austin housing market skyrockets as home price hits all-time high of $515,000
Another record-breaking month is in the books for the unstoppable Austin housing market. The latest report from the Austin Board of Realtors, detailing sales activity in March 2021, shows that the median home price in both the city itself and the greater metro area jumped well over 20 percent year-over-year, leading to new all-time highs for both segments.

In the city of Austin, the median sale price grew an astounding 24.8 percent to $515,000, marking the first time that the median home price has surpassed the $500,000 mark. In February 2021, the figure sat at $491,000, a record at the time.

The median price grew at an even greater percentage in the five-county Austin-Round Rock metro area, increasing 28.8 percent year-over-year, to $425,000. By comparison, just last month, the metro median clocked in at $395,000.

"Our housing market is undergoing growing pains and creating a paradox — affordable from the outside looking in, but increasingly unaffordable for those who already call Austin home," ABoR 2021 president Susan Horton says in a release. "While more homes are selling than ever before, it’s more and more difficult to find one."

In March, inventory dropped drastically at the city and metro levels, down to only 0.4 months for both segments and marking the lowest inventory level ever for the metro. Of the five-county area, only Caldwell boasts a housing inventory level of one month, and the market is the tightest in Williamson County, where inventory sits at just 0.2 months.
 
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