Check out the latest information on the Austin market as we start winding down 2024 and looking ahead to 2025. In November, the median home price rose to $435K, up 2% from last year, while active listings increased 5% to over 10,800 homes. Homes spend an average of 4.8 months on the market, giving buyers more time to decide, while well-positioned properties sell closer to list price. Closed sales climbed 4.6%, reflecting September’s lower mortgage rates and steady fall activity. With solid momentum heading into 2025, the market continues to offer opportunities for buyers and sellers alike.
See the latest update on the Austin market at the link below.
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