2012 was not such a bad year after all. Austin housing market has increased 37% in the last 17 months. Nationally the market only increased 9.6% and statewide only 14.2%. The Median price in Austin is $199,320.00, nationally is $178,700 and statewide is $161,400 showing that our values are still higher than other areas.
The market still continues strong even though December is a typically slow month, interest rates are still low and we only have 3.4 months of inventory at this point.
Burnet County housing market median Sold price is only $124,771 and the median list price is $229,000 with 241 active listings and approximately $138.00 per sq. ft.
Both markets show good thing for the future, there will be a strong seller market in the Austin and surrounding metroplex, Burnet county has a buyers market with the prices being low. Both areas have a lot to offer, Central Texas and the Hill Country are still in demand by buyers and sellers.
Having an agent work for you will provide the best data, time and materials availble for your real estate needs.