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.
April 20, 2020