Austin Named on List of Most Surprising Markets
In a new list published by New York firm Realty Pin, Austin was named as one of the country's most surprising real estate markets for this past year. The capital city was ranked 4th on the list. The report observes that though it may not be one of the largest cities examined, Austin has a strong real estate market. The average length of time for an Austin home to sell is shrinking, while medium home prices are rising. Rent prices are also shown to be increasing, so for many people relocating or setting roots in Austin, home buying can be a more advantageous option. Cain Realty Group with Keller Williams Realty agrees with these points. Just this month, our team has seen several homes sell within days of going on the market, and some even going under contract without ever officially hitting the MLS.