Here's the latest Austin Market Update!
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Median Home Price: $567,400
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Months of Inventory: 2.4
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Days on Market: 25; Days to Close: 41
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Median price/sq ft: $355.83
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Last 30 days, 700 homes priced at less than $1.5M sold
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(Luxury): In the last 30 days, 57 homes priced at more than $1.5M sold
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There are currently ~2400 active listings
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Most popular price distribution: 31.6% of buyers are in the $500-749k range
More Insights:
-I've had buyers/Agents ask me if they can get a home within 30 minutes of Austin for $275k or less and those deals are very hard to find; especially if the buyer is picky. If there is a deal that meets the criteria, it doesn't tend to sit in the market.
-Some motivated sellers are providing seller concessions
-Sellers are still living in the past, with over 2,100 price decreases in the last 7 days.
