Welcome to the latest Austin real estate market update from the local MLS®, courtesy of your friends at JB Goodwin REALTORS®.
The city of Austin is still a red-hot housing market, but signs are continuing to point to a slight cooling off. Total units sold for the year stand at 17,988 units, an increase of 3% compared to last year. Inventory, however, has also dropped by 3%.
The median price of homes continues to rise with a 2% uptick!
Key stats to look out for:
- Inventory across Austin remains low at just 2.7 months
- Demand continues to rise, with a 3% increase overall compared to last year
