In November, home prices fell slightly from the month before, with a median listing price of $574,000.
The number of listings on the market shrank 10.3% from last month, which is typical for this time of the year in Austin, and homes are also selling close to the same pace as the same time last year.
Home prices in Austin
Typically, home price per square foot in Austin tend to rise in November. But the most recent data shows that the price per square foot decreased by 0.7% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Live Music Capital of the World are smaller the national market.
Austin inventory
In November, there were 4,069 homes for sale in Austin, which was 10.3% less than the month before and 3.6% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Austin take an average of 79 days to sell, according to November figures.
This is the same as the previous month and one day more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Austin, TX.