Happy new year! Here are the latest stats direct from the Austin MLS® for November of 2018. You can read JB Goodwin's full analysis of the month's sold data below.
Despite a seasonal slowdown, inventory is actually up with 700 additional units hitting the marketplace. With the year nearing its close, Austin's total inventory sits at 7,750 units. Even with this increase, the total inventory is still quite low, with a supply of just 2.7 months total.
Here are the key stats, compared to 2017 figures:
- The median price of a home is $305,000, up 4% from 2017
- Total inventory is up 10% from 2017
- 31, 789 units have been sold this year to date, up 3% from 2017