January 2018 real estate statistics for Austin are in. It looks like Austin can expect continued real estate appreciation, despite a few dips in average home sale costs from the same month last year.
The average cost of sold homes in January dropped from $293,200 in 2017 to $289,500 this year. However, December 2017 sales were up 11% from the previous year, emphasizing the continued average growth of home values in the area.
Other highlights:
- Inventory is up 3% from last January
- Total units sold is up 9% from last year
- Inventory is still down from 2010's supply highs
Want to learn more about the Austin real estate market? Get in touch with the JB Goodwin team today!
