Austin Comes in at #2 in Forbes List of Top Places to Buy Now!
Forbes.com recently highlighted the best places to purchase a home right now, based on REALTOR.com February housing data (including listing, sales, and inventory trends) and jobs data for 146 metro areas.
Here is what they said about Austin:
"Austin, Texas, another burgeoning tech town, landed number two on this list. The potential for home value appreciation in the â€śSilicon Hillsâ€ť is one of the best in the country, according to Realtor.com. Homes in Austin are selling 20% faster than this time last year, averaging 77 days on the market. Inventory levels are 19% lower than last February and list prices have jumped up 12% in response.
2. Austin, TX
Median List Price: $229,500 (up 12% y-o-y)
Inventory Level: 8,329 homes for sale (down 19% y-o-y)
Median Days On Market: 77 (down 21% y-o-y)
Price Drop From Peak: 2.9%
Unemployment Rate: 6.1%"
Here is the full top 10 list:
1. Tucson, Ariz.
2. Austin, Texas
3. Kansas City, Mo.
5. Fort Worth, Texas
6. Salt Lake City Utah
7. San Jose, CA
8. Raleigh, NC
9. Milwaukee, WI
10. St. Louis, MO
Read the full article and more about the individual cities here: