Real estate market data for Austin TX provided by Come Home ATX of Keller Williams Realty.
Austin Home Prices
We have seen a few months of selling price increases on home prices in Austin and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Austin but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Austin home on which you are making an offer.
If you are interested in how much current inventory is on the market in Austin you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently, in this area of Austin, homes have a median time of 63 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Austin has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Austin Real Estate Report Summary
The median list price in January for single family homes in Austin 78750 is $411,480. The list prices increased from the previous month.
The number of active listings in Austin (78750) dropped by 1.8% from the previous month.
The percent of unoccupied properties is very low in Austin (78750). It is -9.11% below the national average.
The median number of days active properties have been listed is 63. This is significantly shorter than the national average.
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Thank you for reading about Home Prices in Austin TX for January 2017.