Austin Real Estate MLS Statistics - August 2018

Posted by Mary Ann Castro on Monday, October 1st, 2018 at 9:29am.

The JB Goodwin team is pleased to present the latest Austin MLS® stats for the month of August 2018.

The median price of a home in the city continues to rise, up 4.6 % this year at a price of $306,700. Demand is also up 4% with a low inventory of just 3 months. It's a great time to sell!

Compared to 2017 figures, the total inventory for the first half of the year is down 3%. The median price of homes and the total units sold so far this year are both up 4%.

Key stats to look out for:

  • Inventory is down over 4000 units compared to 8 years ago
  • Sales are up 6.5% this year
  • Median home prices are expected to continue upward into the second half of the year

 

 

Share this Article with a Friend

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Subscribe for Listing Updates Now