We're nearing the end of a prosperous year here in Austin. It's a great time to check in on the status of the local Austin real estate market! We invite you to take a look at the real estate market report for November 2019, courtesy of the professionals at JB Goodwin and the Austin MLS®.
11 months into the year, the Austin market has seen a total of 33,847 units sold, a 6% increase over last year's numbers. Median home prices hold steady compared to last months, but are up 2.5% compared to last year.
Unsurprisingly, demand continues to rise, up 6% over last year. As a result of a huge demand, supply continues to dwindle, down 14% with just 2.1 months supply.
To recap, the Austin real estate market continues to boom. Without a doubt, it's a great to own property in the city and sell!