By the Kent Redding Group
AUSTIN, TX. – Searching for information on the Austin Texas real estate market? If so, you’ve come to the right place! In this article we will provide you with in depth statistics for the local real estate market.
The year started off strong for Austin as there were 1,814 units sold (up 2.20% from January 2017) and an average sales price of $351,898.
Days on Market
As of January 2018, the average days on market for a home in Austin is about 78 days. This is up 11.2 days from the same period last year but the median sales price is also up by 5.56% as well so it’s safe to say that the local real estate market remains very strong as we move forward into the new year.
- Source Austin TItle
Months of Inventory
Right now, the current months of inventory that we have in Austin is about 2.37 months. This statistic remained about the same as one year ago when it was roughly 2.30 months.
Now Is A Great Time to Buy or Sell
There’s no doubt that right now is a great time to buy or sell a home in Austin Texas. Why? Many buyers and sellers will hold off on buying or selling a home until the weather warms up. This is an advantage for anyone who acts now because they will be able to accomplish their real estate goals with less competition from other buyers or sellers.
Our city also continues to be one of the top relocation destinations in the United States. This means we can expect another strong year of high demand for homes in the local area so it’s best to act now if you want to buy or sell a home for the best price.
To learn more about the Austin Texas Real Estate market, or to view homes for sale, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.