Home » Austin Real Estate Market Update | May 2019

Austin Real Estate Market Update | May 2019

Austin’s Real Estate Market Hits Another Milestone!

May 2019 Austin Real Estate Market Stats Graph with Prism Realty

The Austin area real estate market has broken yet another record this year. The median price of a single-family home in May 2019 hit an all-time high of $407,400! The overall median price for these homes was up 4% while the number of days they stayed on the market averaged the same year-over-year at 48 days. While these numbers are on the rise, as well as the number of homes sold and a number of homes pending, the area’s inventory staggered just slightly. Listings entering the market and those actively being sold both decreased by 1%. Overall, Austin has 2.6 months worth of inventory, creating a balanced market as Austinites head into the high heat of summer.

Are you curious about what your home is worth in today’s real estate market or thinking of buying or selling? We would love to help! Prism Realty was founded with the goal of providing our clients with industry experience, proven results, and the world-class service they deserve. We are a full-service consumer-centric real estate firm and our team has a comprehensive understanding of our unique home selling process and all the factors that can impact the final selling price of a home. That, coupled with our team’s experience, professionalism, negotiating expertise and extensive local network of industry related service provider, makes Prism Realty the smart choice.

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Contact Prism Realty and let us know how we can help!  (512) 676-5842