A red hot housing market in the post-pandemic era means prices for homes currently for sale are "through the roof" across the country.

Austin hasn't been spared from the overpriced housing trend. Experts believe the skyrocketing demand for houses is just another aftereffect of the COVID-19 pandemic, according to The Denver Channel. 

"In cities from Austin to Dublin to Seoul, more families are finding it impossible to pay higher prices unleashed by a global property boom," Venkat Ranga Reddy Punuru, a business analyst, wrote in a September 27 tweet.

When it comes to overvalued homes, Austin is ranked second in the nation, meaning the cost to buy a house in Austin are 80% higher than what it would normally be, according to a study completed by the College of Business at Florida Atlantic University and Florida International University.  It comes as welcome news for people looking to sell, but for buyers it means they'd be dolling out bigger bucks. 

Researchers at Florida Atlantic University and Florida International University found the average price of a home in Austin jumped 55.26% above its long-term pricing trend.

The study also stated that right now there isn't a large enough supply of homes to meet the housing demands in the Austin-area.