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2016 February Home Price Report In Austin
Austin Median Home Price Up 12%
The biggest story in this month’s Austin Real Estate Price Report comes by way of median home prices. For the 18th month in a row, the median price of a home in Austin outpaced the previous year. We continue to hear stories of how expensive Austin real estate is, but we have yet to see buyers leave the market. And, with the influx of people from more expensive areas of the US, I don’t see this slowing down any time soon. The median price of an Austin home in February 2015 was $309,900 compared to $348,500 in February 2016, marking a 12% increase in year over year numbers.
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Homeownership offers many advantages over renting, including a stable living environment, predictable monthly payments, and the freedom to make modifications. Neighborhoods with high rates of