Miami metro area ranked among the top 15 metros in terms of the year-over-year change in median sale price during the months of March to May 2023. In this timeframe, there was a notable surge of 3.6% compared to the corresponding period in the previous year, solidifying Miami’s position as a market with positive growth and increased property values.
On the other hand, Austin metro area experienced a downturn in the year-over-year change in median sale price during the same March to May 2023 period. Among the top 15 metros, it witnessed a significant decrease of 14.3% compared to the corresponding period from the previous year, resulting in a median sale price of $455,000. This decline marked a noteworthy setback for the real estate market in Austin, highlighting challenges faced by the city during that specific timeframe.
Learn more about the metrics in PropMix Market Insights.
