May 2022 Stats
The May 2022 Austin Board of Realtors Stats are out. The median sales price was up 19% year over year to $550,000 in May. Active listings increased a whopping 146% to 4,173. New listings are also up 18%. Homes spent an average of 15 days on the market, indicating that as new homes are listed, they are quickly going under contract.
“The strength of our evolving housing market remains a very important part of Austin’s economy,” Cord Shiflet, 2022 ABoR president, said. “The increase in inventory that we’re seeing is helpful for buyers who have had a hard time finding a home these past two years. However, REALTORS® continue to see homes selling faster than ever before, so working with a REALTOR® is a buyer’s best bet in helping navigate the opportunities in our market.”
As always, if you are thinking of selling or just wondering what your home might be worth, reach out to the team member on the back and schedule a time to get some honest answers about your neighborhood market.
For the full market report, please click here