In May, home prices fell moderately from the month before, with a median listing price of $639,500.
The number of listings on the market grew 14.6%, which is a smaller increase than normal for this time of the year in Austin, and homes are also selling slower than at the same time last year.
Home prices in Austin
Typically, home price per square foot in Austin tend to rise in May. But the most recent data shows that the price per square foot decreased by 2.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 0.5%, which means price changes in the Live Music Capital of the World are lagging behind the national market…