Thank you for checking out the latest edition of the JB Goodwin Austin real estate market report for March 2020. We've got plenty of great information direct from the local Austin MLS® and our team of experienced agents.
The trend of lowering inventory continues into March as Austin home owners continue to be hesitant to list their homes. Of course, this isn't surprising given the current international crisis.
Despite the uneasy feeling in the marketplace, Austin home values continue to grow, as do sales. It's actually a great time to sell - declining supply and steady demand means that homes are still selling quickly. JB Goodwin's agents as well other real esate agents across the city have gotten creative in order to be able to show homes and close sales while keeping everyone safe!
Here are a few key stats to look out for:
- 7, 552 units have been sold so far this year, up 6%
- The median price of a home in Austin is $321,000, up 2.5%
- Available inventory lies at 4,908 units, down 26%
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