The results are in! Let's take a look at the February 2018 real estate statistics for Austin.
After some gains over last month, the average cost of sold homes still lags behind 2017, with $291,000 compared to $293,200. Inventory continues to hold steady at a low 2 months of available inventory.
We are only two months into the year and the trend of continued median home prices is sure to continue.
Other highlights:
- Total units sold is up 2% from 2017
- 6% more units were sold in February, compared to 2017
- Inventory is down 1%, compared to February 2017
