AUSTIN, Texas — Median home listing prices in the Austin metro area have increased a whopping 52.3% since May 2019, according to a new housing report from Realtor.com.Realtor.com’s May Monthly Housing report
While home prices saw a large increase over May 2019, Austin was the top metro to see inventory surpass pre-pandemic levels, up 33.6%. San Antonio saw inventory increase 31.8% in the same period, while Denver saw a 22% increase.
The median price of homes for sale in May nationally remained relatively stable compared with last year, growing by 0.3% to $422,500, Realtor.com said. However, the median price per square foot grew by 3.8%, indicating that the inventory of smaller and more affordable homes has grown in share.
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