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.
February 25, 2019