January’s market report is here! In the Austin area, the median price of single-family homes was $290,000, a 3.6% increase from last January. Also, more houses are being sold than this time last year, indicating continual demand in Austin.
Inventory of total available homes is sitting at just under 2 months. This is under the ideal amount of homes for sale in a balanced market. Buyers can likely expect rising home prices and higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.
January 25, 2018