January 2018 real estate statistics for Austin are in. It looks like Austin can expect continued real estate appreciation, despite a few dips in average home sale costs from the same month last year.
The average cost of sold homes in January dropped from $293,200 in 2017 to $289,500 this year. However, December 2017 sales were up 11% from the previous year, emphasizing the continued average growth of home values in the area.
Other highlights:
- Inventory is up 3% from last January
- Total units sold is up 9% from last year
- Inventory is still down from 2010's supply highs
Want to learn more about the Austin real estate market? Get in touch with the JB Goodwin team today!
Posted by Mary Ann Castro
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