"In November, home prices fell slightly from the month before, with a median listing price of $574,000. The number of listings on the market shrank 10.3% from last month, which is typical for this time of the year in Austin, and homes are also selling close to the same pace as the same time last year. Home prices in Austin Typically, home price per square foot in Austin tend to rise in November."
"So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Live Music Capital of the World are smaller the national market. Austin inventory In November, there were 4,069 homes for sale in Austin, which was 10.3% less than the month before and 3.6% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266."
In November, Austin's median listing price was $574,000, reflecting a slight monthly decline. Listings on the market fell 10.3% month-over-month and totaled 4,069, which is 3.6% higher than the same month a year earlier. Price per square foot in Austin decreased 0.7% month-over-month, while the national price per square foot decreased 1.2%, indicating smaller local changes than the national market. Active inventory nationwide fell 2.5% to 1,072,266. Homes in Austin averaged 79 days on market, unchanged from the prior month and one day longer than a year earlier; nationally the average was 64 days.
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