Austin-area prices reach all-time high, home sales set record for March 2015

The Austin Board of Realtors released our March numbers Tuesday and revealed that we experienced yet another record-breaking month in Austin with respect to sales prices.

Image courtesy of ABOR.com
Homes are spending just a little longer on the market than they were this time last year and buyers have just about as much inventory to choose from as they did this time last year.

Interestingly, townhouse and condo prices increase by only 1% compared to this time last year to a median price of $226,500.  The average lease in the Austin area is $1500/month.
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