AUSTIN – According to the Austin Board of Realtors (ABOR), last month was the best March on record with 2,714 single-family homes sold in the area.
Local home sales grew 10.5 percent year over year in March 2018, and the median price grew 3.5 percent to $305,233.
Housing inventory decreased 0.2 months from March 2017 to 2.2 months. The Real Estate Center considers six to 6.5 months a balanced market.
Homes priced from $150,000-$250,000 stayed on the market less than 50 days on average, said ABOR's report.
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