"The number of listings on the market shrank 5.9% from last month, which is a bigger decrease than normal for this time of the year in Austin, and homes are also selling slower than at the same time last year. Typically, home price per square foot in Austin tend to rise in September. But the most recent data shows that the price per square foot decreased by 0.4% compared with the month before."
"In September, there were 4,747 homes for sale in Austin, which was 5.9% less than the month before and 8.9% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Homes in Austin take an average of 79 days to sell, according to September figures. This is seven days more than the previous month and four days more than the same month last year."
September median listing price in Austin was $574,990 while the number of listings fell 5.9% from the prior month. Inventory in Austin totaled 4,747 homes for sale, up 8.9% year-over-year but down month-over-month. Price per square foot in Austin decreased 0.4% from the previous month, compared with a national decrease of 0.8%. Active national inventory rose 0.2% to 1,100,407. Homes in Austin spent an average of 79 days on the market in September, seven days longer than the prior month and four days longer than the same month last year. Realtor.com provides more localized market breakdowns by state, metro, and ZIP code.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]