Monthly Market Updates with Ricky: December 2017

In the city of Austin, the median price for single-family homes increased annually to $362,000, an all-time high, and sales increased annually by 2.5 percent to 9,278 sales. In December, sales increased by 13.4 percent to 802 sales for the month, a contrast from October and November when the city saw declining sales. Housing inventory decreased year over year from 1.6 months of inventory in 2016 to 1.5 months of inventory in 2017.

Join Ricky as he goes through December 2017 Market stats and explains the changes we are seeing in the Austin Real Estate Market.  

Market Update December 2017 from Cain Realty Group on Vimeo.

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