Austin #2: The Best Cities To Buy A Home Right Now

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%

To determine the best places to invest in real estate right now, Realtor.com created a list which sorted through February housing and jobs data for 146 Metropolitan Areas (cities and their neighboring suburbs) across the U.S.  The company looked at listing price data, sales data and inventory trends such as the amount of homes available in each market and number of days on market. Realtor.com also utilized the peak-to-trough home price index from Fiserv Case-Shiller, which tracks how much home prices have fallen in the past five years and unemployment rates from the Bureau of Labor Statistics, since jobs (or lack thereof) are a leading indicator of housing demand.

Full article:
The Best Cities to Buy a Home Right Now!

By: Morgan Brennan, Forbes Staff