It’s a new year and the new market report is out!
The median price for homes in the Austin area in January 2019 was $296,999. Last January the median sale price was $290,000, a 2.41% increase in property prices year over year. Fewer homes sold this January than last, and homes stayed on market longer than they did in January 2018.
We’re starting to see a balance in market pricing, while also seeing signs of continued expansion throughout the greater Austin area. Seller’s can expect to receive market value prices for homes, and buyers can expect some inventory shortages as the market steadies.
January 25, 2019