When you're deciding whether it's the right time to buy, sell or lease Austin real estate, it's important to know the facts-facts about the local market and facts about your personal situation.

So what is there to know about the Austin real estate market? For starters, statistics show that owning Austin real estate is a great way to build long-term wealth. The average home purchased in the Austin area five years ago has increased in value by 12 percent. Currently the median price of an Austin home is about $190,000 and interest rates are at near record lows.

In addition, more people are moving to Austin every day. In fact, economists predict the Austin area will grow to over three million people by the year 2030!

So what does this mean for you? Talk with REALTOR® to about this information and the other insights he or she can offer about your Austin home, neighborhood and real estate market. Members of the Austin Board of REALTORS® can assess home values, negotiate pricing and help navigate financing options. It pays to let a REALTOR® work for you.

Contact your REALTOR® today or find a REALTOR® on AustinHomeSearch.com.