The JB Goodwin team is pleased to present the latest Austin MLS® stats for the month of August 2018.
The median price of a home in the city continues to rise, up 4.6 % this year at a price of $306,700. Demand is also up 4% with a low inventory of just 3 months. It's a great time to sell!
Compared to 2017 figures, the total inventory for the first half of the year is down 3%. The median price of homes and the total units sold so far this year are both up 4%.
Key stats to look out for:
- Inventory is down over 4000 units compared to 8 years ago
- Sales are up 6.5% this year
- Median home prices are expected to continue upward into the second half of the year