The results are here! Join us as we take a close look at the May 2018 real estate statistics for the city of Austin.
After a slower beginning to the year, the median cost of sold homes has surpassed 2017, with $302,300 compared to $293,200. Inventory continues to hold steady at a low 2.7 months of available inventory.
At 5 months into the year, the trend of continued rising median home prices is sure to continue.
Other highlights:
- Total units sold is up 6% from 2017
- 6% more units were sold up to May this year, compared to the same time period in 2017
- Inventory level is down 4,400 compared to 8 years ago
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