The Southwest Austin TX January 2025 Market Update is currently experiencing a low inventory with only 1.95 months supply available, indicating a high demand for homes in the area. This is further supported by a 12-month change in months of inventory of +7.73%, showing a significant increase in demand compared to the previous year.
Despite the limited inventory, homes are selling relatively quickly with a median of 69 days on the market. This suggests that buyers are acting swiftly to secure properties in this competitive market.
Sellers are also benefiting from the current market conditions, with homes selling at a high percentage of the list price at 97.4%. This indicates that sellers are able to command strong offers and negotiate favorable terms.
The median sold price in the area is $535,000, showcasing a healthy market where properties are selling at a reasonable price point. Buyers can expect to find value in this market, while sellers can capitalize on the strong demand and competitive pricing.
Overall, the Southwest Austin TX January 2025 Market Update correlation between these real estate metrics paints a picture of a dynamic and robust market that is favorable for both buyers and sellers. With low inventory, quick sales, high list price percentages, and reasonable median sold prices, now is an opportune time to buy or sell in this market.
If you would like to know more about what is happening in your particular area, let’s schedule some time to speak. Each market is different and there are micro markets that may provide additional insight. My team and I at Uncommon Realty are here to help you. I look forward to discussing what is going on with your area.
