Well, that's a wrap for 2019! And what a year it's been!
The red-hot Austin real estate market continues upward through the last months of the decade. Demand is higher than ever, with median house prices continuing to grow as inventory levels remain low. It's still a seller's market out there, so if you've got a property you are considering listing, market factors are definitely favorable.
Let's recap a few key market stats for 2019:
- 33,847 units were sold in total
- The median price of a home in Austin is $312,800, up 2.7%
- Total inventory sits at 6,522 units, down 14%
- Demand is up 6%, with a low inventory of just 2.1 months
Take a look at our infographic below for full details!
Posted by The JBGoodwin Team on