Austin housing inventory spiked in May, ABOR numbers show
Austin housing inventory spiked in May, ABOR numbers show
The May housing report produced by the Austin Board of Realtors shows home prices in Central Texas have continued to rise, but inventory is also starting to go up. The report shows that in Central Texas in May, the median price of a home rose nearly 20% year over year, tying April’s record of $550,000. Homes spent an average of 15 days on the market. Meanwhile, active listings went up nearly 150% from this time last year, pushing inventory to 1.2 months of inventory compared to the 0.7 months…
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