Spring is upon us, and one thing is for sure, the Austin Real Estate market is starting to heat up! Homes that are going on the market are selling a lot faster than in the previous months and years, so it safe to say that we are still in a seller’s market.
According to recent statistics from the Austin Board of REALTORS in January 2015, the median price of home sales in Austin metro has increased by 13% to $240,000. The average home price increased 14% to $310,000. The average days on the market for homes has remained unchanged at 63 days. Over 1500 homes were sold in January 2015, which is an 11% increase from January 2014. Typically January is a slower month for Real Estate sales, but this year has proved otherwise!