Austin Real Estate Market Trends Report | Realty Austin
Austin Real Estate Market Trends Reports
Austin Real Estate Market Report
The Austin Real Estate Market Report is put together each month by Realty Austin using the most current statistics provided by the Austin Board of Realtors. These stats on single family homes in Travis, Williamson and Hays county of the Austin MSA. The Austin market reports are here to assist you in getting educated on Austin's real estate market before you purchase your next home. If you would like similar statistics for a specific area, property type or price range, please contact us and tell us how we can help.
The average home price in June was $410,765, up 4.2% over last year. In June, the median home price rose 4.9% year-over-year to $326,250 while home sales declined 2.7% annually to 3,299. Inventory remains low at 2.9 months, down 0.1 months from last year. Jim Gaines, chief economist at the Real Estate Center at Texas A&M University, suggested this is not indicative of a declining housing market saying, "The Central Texas housing market is among the top three in the country...Strong population growth and home sales activity are expected to continue in the Central Texas region for the rest of the year and into 2019."
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