AUSTIN (Austin Business Journal) – According to a Realtor.com report, the Texas Capital has been struggling to meet housing demand.
Active home listings were down 74 percent in February, the largest year-over-year drop in active listings nationally.
Homes spent an average of 26 days on market, 36 days fewer than February 2020. That’s the largest decline in days on market in the country.
The metro also had the largest increase in median listing price, increasing to $494,000.