Austin-area home prices set August record, outpace household income growth in August 2015
Austin Board of REALTORS® releases real estate statistics for August 2015
AUSTIN, Texas – September 22, 2015 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area single-family home sales remained high in August, increasing eight percent to 2,943 home sales compared to August 2014. Austin-area single-family median home prices, for both sales and leasing, set a record for the month of August. Median home sales prices increased by eight percent year-over-year to $265,000, while median home lease payments increased by seven percent to $1,600.
August 2015 Statistics
2943 – Single-family homes sold, eight percent more than August 2014.
$265,000 – Median price for single-family homes, eight percent more than August 2014.
$329,620 – Average price for single-family homes, six percent more than August 2014.
42 – Average number of days single-family homes spent on the market, unchanged from August 2014.
3,364 – New single-family home listings on the market, two percent more than August 2014.
6,979 – Active single-family home listings on the market, four percent more than August 2014.
2,686 – Pending sales for single-family homes, 11 percent more than August 2014.
2.9 – Months of inventory* of single-family homes, 0.1 months less than August 2014.
$970,071,660 – Total dollar volume of single-family properties sold, 15 percent more than August 2014.
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