Though unemployment in the Austin area peaked at over 12% in early 2020, it has now decreased to pre-pandemic levels.
Housing Market Stats
Austin’s housing market is booming, with homes selling for thousands over asking price and inventory at an all-time low. The numbers below represent the most recent monthly stats on the residential market’s performance.
Months of Inventory
Source: Austin Board of Realtors – June 2022 Central Texas Housing Market Report
Another important statistic to review in conjunction with housing sales is housing construction. The below chart tracks the number of housing permits issued in the Austin MSA on a monthly basis.
Austin Business Cycle
The Austin Business-Cycle Index is put together by the Federal Bank of Dallas for the purpose of gauging the current state of the economy. The index takes into account unemployment, wages, employment and retail sales.
Mobility Trends for Travis County
Google publishes mobility data based on the location histories of its users. This data can be used to determine the average foot traffic in certain areas. The chart below shows the percent difference in utilization rate of different places in Travis County, including residential, retail and recreation, and workplaces compared to pre-COVID baselines.