"In October, home prices rose slightly from the month before, with a median listing price of $579,450. The number of listings on the market shrank 4.5% from last month, which is a bigger decrease than normal for this time of the year in Austin, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Austin tend to rise in October. And the most recent data shows that the price per square foot increased by 0.6% compared with the month before. Nationally, home price per square foot decreased 0.8%, which means price changes in the Live Music Capital of the World are outpacing the national market. In October, there were 4,535 homes for sale in Austin, which was 4.5% less than the month before and 8.5% more than the same time last year."
Austin median listing price in October was $579,450, representing a slight month-over-month increase. Price per square foot in Austin rose 0.6% compared with the previous month, while national price per square foot decreased 0.8%. Active listings in Austin numbered 4,535 in October, 4.5% fewer than the prior month and 8.5% more than the same month last year. National active inventory remained virtually unchanged at 1,100,001. Homes in Austin averaged 79 days on market in October, unchanged from the previous month and two days longer year-over-year. Nationally, homes averaged 63 days on market in October. Realtor.com offers more detailed breakdowns by state, metro, and ZIP code.
Read at SFGATE
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