It appears that the real estate market in Austin may be stabilizing or even showing signs of improvement. The average sold price remaining in the $450s in January is a positive sign.
Additionally, the slight decrease in inventory from December to January could contribute to stabilizing prices.
The increase in the Close/Original List Price ratio from 89% to 90% and the decrease in Total Days on Market from 123 to 120 are also positive signs.
The Texas Real Estate Research Center is a valuable resource for real estate professionals, investors, and anyone interested in learning more about the Texas real estate market.
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