Austin Market Update: January
Every month we create an infographic, per the Austin Board of REALTORS, that summarizes key statistics in the real estate industry in Austin. As we can see, the real estate industry in Austin has been stable in January 2020 (in comparison to January 2019). While the average price of single-family homes decreased slightly (1%), there was a 2% increase in the number of single-family homes. One of the biggest changes between the years was the average days on market from 71 days in 2019 to 61 days in 2020 (a 14% decrease!). We see this trend reflected at Gene Arant, with many homes barely hitting the market before they are sold.
For our Steiner Ranch residents, we analyze the Woods at Four Points neighborhood specifically. The number of homes sold in Steiner Ranch has increased dramatically (38%) which raised the total dollar amount of single-family homes sold up by 50%!
These incredible 2020 numbers are an indication of the Sellers Market that we are currently in. If you have a home to sell, or want to learn more about:
- Flexible Commisions
- Easy Exit Listing
- Guaranteed Sale
Call us at 512-567-0541 to learn about our Sellers Options or for a Home Value Analysis.