The median sales price in the city of Austin spiked 24.3% to $491,000 in February, an all-time high for any month on record for the city of Austin. Residential sales decreased 4.6% to 834 sales, as sales dollar volume increased 17.3% to $494,005,207. During the same period, new listings decreased 26.5% to 806 listings, while active listings dropped 53.7% to 516 listings, and pending sales decreased 9.3% to 840 pending sales. Monthly housing inventory decreased 0.6 months year over year to 0.5 months of inventory.
*Source: ABoR
