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June 2020 Statistics
June 2020 Austin Area Market Update
Economic conditions always mean changes in Real Estate Markets. To summarize home sales in Austin:
Everything is selling, and selling quickly and if priced right, getting about 99% of the list price when it sells.
Months of inventory is now about 1.5 months. What does this mean?
If everything on the market at the end of June sold, it would take 1.5 months to deplete all of it.
Total sales units are up about 5% over June 2019. New home sales alone are up 30% over where they were last year.
The average Austin area home sells at $196/ft with the avg sales price being about $422,000. Days on market remain the same at about 43.
The median home price (the point where half the sales prices are below, and half above) is $340,000 - up from $320,000.
Days on market for median-priced home is 17 days.
After reviewing the chart below, if you'd like further information or to talk about how I can help, please let me know.
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The capital of Texas, this city is known as the “Live Music Capital of the World.” Austinites eat a lot of tacos, are fiercely proud of their BBQ, enjoy abundant greenery and forestation with lakes and streams, and are proud to call Austin home! Austin is proud of it's name and the ability to Keep Austin Austin. How to be an Austinite includes knowing your way around, things to do and what's happening all the time. The 4th largest city in the state consistently appears on lists of the best cities to move to.
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