March Data for Austin - stronger than ever

[Dan Burstain]

According to the Austin Board of Realtors (ABOR), last month was the best March on record for Austin with 2,714 single-family homes sold in the area.  Local home sales grew 10.5 percent year over year in March 2018, and the median price grew 3.5 percent to $305,233. 

Housing inventory decreased 0.2 months from March 2017 to 2.2 months. The Real Estate Center considers six to 6.5 months a balanced market.   Homes priced from $150,000-$250,000 stayed on the market less than 50 days on average, said ABOR's report.

35,000 new jobs expected next year and the year after (no including if Amazon chooses Austin).  118 people are moving to Austin every single day and US News recently listed Austin, for the second year in a row, as the number one place to live in the US.