Hot off the press! Take a peek at the July 2018 real estate statistics for the city of Austin.
Inventory levels remain low at a 2.9 month's supply. Demand is up with a 4% increase so far in 2018. Demand in 2017 was up 3%.
At just past the halfway mark of the year, the trend of continued rising median home prices is set to continue its upward trajectory.
Other highlights:
- 20,810 total units were sold so far this year, up 4% from 2017 numbers
- The median price of a home in Austin is $306,000, up 4%
- Inventory level is down 4,200 compared to 8 years ago
