Market Data

March 2020 Market Report

Year over year for March, property prices have skyrocketed. The median price for homes in the Austin area in March 2020 was $335,200. Last March the median sale price was $305,000, a 9.9% increase in property prices year over year. More homes sold this March than last, with homes staying on market on average 10 days fewer than they did in March 2019.

The Austin area is seeing consistent growth and home sales, and we’re still in a seller’s market. Seller’s can expect to receive market value prices for homes, and buyers can expect some inventory shortages.

march 19 to march 20

April 20, 2020

Market Data

February 2020 Market Report

Year over year for February, property prices have gone up exponentially. The median price for homes in the Austin area in February of 2020 was $327,140. Last February the median sale price was $295,000, a 10.89% increase in property prices year over year. More homes sold this February than last, with homes staying on market on average 8 days fewer than they did in February 2019.

The Austin area is seeing consistent growth and home sales, and we’re still in a seller’s market. Seller’s can expect to receive market value prices for homes, and buyers can expect some inventory shortages and multiple offer situations.

feb 19 to feb 20

March 20, 2020

Market Data

January 2020 Market Report

It’s a new year and the new market report is out!

The median price for homes in the Austin area in January 2020 was $308,000. Last January the median sale price was $296,999, a 3.7% increase in property prices year over year. This is a normal increase for the month of January, but expect an uptick in sales over the next few months.

February 20, 2020

Market Data

February 2019 Market Report

February typically yields a slower market than busier months in the year, and this February is no different. The median price for homes in the Austin area in February 2019 was $295,000. Last February the median sale price was $299,900, a 1.6% decrease in property prices year over year. However, more homes sold this February than last, with homes staying on market about the same amount of time as they did in February 2018.

The Austin area is seeing consistent growth and home sales, and we’re still in a seller’s market. Seller’s can expect to receive market value prices for homes, and buyers can expect some inventory shortages.

feb to feb 18:19

February 25, 2019

Market Data

January 2019 Market Report

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

Market Data

December 2018 Market Report

The median price for homes in the Austin area in December 2018 was $305,000. Last December the median sale price was $310,000, which shows a 1.61% decrease in property prices year over year. Fewer homes sold this December than last, but homes sold faster than they did in December 2017.

Buyer tip: In 2018, the Austin overall year over year increase was much higher; a 4.1% increase. Consider buying during December to lock in a reduced home price while capitalizing on the overall annual appreciation that Austin experiences.

Inventory of total available homes is still under 3 months. A balanced market should have 6 months of inventory, so we’re in a seller’s market. Buyers can likely expect higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

December 30, 2018

Market Data

November 2018 Market Report

November typically yields fewer sales and longer days on market than summer months, and this year was no exception. The median price for homes in the Austin area in November is $301,391. Last November the median sale price was $296,500, which shows a 1.64% increase year over year. More homes sold this November than last, and homes are staying on market as long as they were last November, around 65 days.

Buyer tip: Most months, the Austin overall year over year increase is much higher, between 7% and 9%. Consider buying during November to lock in a reduced home price while capitalizing on the overall annual appreciation that Austin experiences.

Inventory of total available homes is under 3 months. A balanced market should have 6 months of inventory, so we’re still in a seller’s market. Buyers can likely expect higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

November 17, 2018

Market Data

October 2018 Market Report

Fall 2018 is off to a busy start! The median price for the Austin area in October is $308,355. Last October the median sale price was $286,742, which shows a 7.5% increase year over year. More homes sold this October than last, and homes are staying on market as long as they were last October, around 55 days.

Inventory of total available homes is sitting at 3 months. A balanced market should have 6 months of inventory, so we’re still in a seller’s market. Buyers can likely expect higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

October 18, 2018

Market Data

September 2018 Market Report

Prices in the Austin area rose in September, with a median price of $302,250. Last September the median sale price was $291,464, which shows a 3.7% increase year over year. There was a drop in the number of homes sold in September, which is common during the back to school season. Homes are staying on market as long as they were last September, around 53 days.

Inventory of total available homes is sitting at 3 months. A balanced market should have 6 months of inventory, so we’re still in a seller’s market. Buyers can likely expect higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

September to September

 

October 17, 2018

Market Data

August 2018 Market Report

August was a popular month to move to Austin, and showed itself to be a strong buyer’s market month. Over 3,000 homes were sold this August. Homes are staying on market about as long as they were last August, around 50 days. The median price of homes increased by 7.5% or $22,478 from last August. In the Austin area, the median price of single-family homes is $322,478, a $2,478 increase from last month.

Inventory of total available homes is just over 3 months. A balanced market should have 6 months of inventory, so we’re about halfway there. Buyers can likely expect higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

 

September 5, 2018