January 2020 homes sales started off with a bang compared to January 2019. Home sales increased as well as the median home price and the months of inventory went down. A sellers’ market is defined as 6 months or less of inventory and it is at a low of 1.6 months. So, in a nutshell, sellers are smiling, and buyers will need to put their best foot forward when preparing and presenting an offer in order to compete.
If you’re looking for more detailed stats or data for another area surrounding the Austin-Round Rock Metro Area, please contact me today.