The Austin Texas Real Estate Market is Hot
The Austin Texas real estate market is hot, with home prices continuing to rise. The median home price in Austin is now over $600,000, and inventory is low. If you’re thinking of buying or selling a home in Austin, it’s important to work with a qualified real estate agent, such as Austin Homes, Realtors
Home Prices Continue to Rise
Home prices in Austin have been rising steadily for the past several years. In May 2023, the median home price in Austin was $629,949. This is up 10% from the same month last year. The rising home prices are being driven by a number of factors, including the strong economy, the influx of new residents, and the limited inventory of homes for sale.
Inventory is Low
The inventory of homes for sale in Austin is very low. In May 2023, there were only 1,900 homes for sale in the entire city. This is a 40% decrease from the same month last year. The low inventory is making it a competitive market for buyers. Homes are selling quickly, and buyers are often having to make multiple offers in order to win a home.
Work with a Qualified Real Estate Agent
If you’re thinking of buying or selling a home in Austin, it’s important to work with a qualified real estate agent. A good real estate agent can help you navigate the competitive market and find the right home for your needs. They can also help you get the best possible price for your home when you’re ready to sell.
Contact Us Today
If you’re ready to buy or sell a home in Austin, contact us today. We would be happy to help you find the perfect home or get the best possible price for your current home.
If you’re interested in learning more about the Austin Texas real estate market, please contact Austin Homes, Realtors Today!