Here we are at the end of the first month of 2020!
Welcome to the January 2020 edition of the JB Goodwin Austin real estate market report, featuring exclusive data from our agents and the Austin MLS®!
Business is booming in the city, even as indicators point to a slight cooling off. The median price of homes in Austin are more or less steady compared to last year at this time, even as inventory levels continue to drop. Inventory is down a total of 24% compared to January 2019.
Even with cooling median home prices, demand continues to rise. It's never been a better time to sell!
Key stats to look out for:
- 1,947 units were sold in January, up 8.5% from last year
- Austin median home price is down 1%
- Inventory is low, with a 1.6 months supply