Housing inventory in the U.S. jumped dramatically in June, and Texas’ capital city leaped the highest.
Active listings in Austin are up 144.5 percent over June of last year — the largest increase in the 50 largest U.S. metros by a long shot — according to Realtor.com’s June housing trends report. The number of active listings nationwide has increased 30 percent since the same time last year.
The June median listed home price for the Austin metro was $660,000 in June, up 18 percent over the same period last year, but those high asks are now less likely to hold.
A whopping 32 percent of homes for sale in June were reduced from their original ask — a 24.7 percent increase in the discount share since the same period last year. Nationwide, the…
9 Views, 0 Comments