April 2015 ABOR Austin Area Statistics
Austin-area home prices reach all-time high, home sales set record for April 2015
Austin-area single-family home prices once again hit an all-time high, while single-family home sales volume set a record for the month of April, according to the April 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. This marks the eighth-straight month of annual home sale increases, as housing affordability continues to be a challenge in the Austin market.
April 2015 Statistics
2,568 – Single-family homes sold, eight percent more than April 2014.
$274,000 – Median price for single-family homes, 14 percent more than April 2014.
$341,054 – Average price for single-family homes, 11 percent more than April 2014.
46 – Average number of days single-family homes spent on the market, one day more than April 2014.
3,807 – New single-family home listings on the market, nine percent more than April 2014.
5,915 – Active single-family home listings on the market, 11 percent more than April 2014.
2,909 – Pending sales for single-family homes, four percent more than April 2014.
2.5 – Months of inventory* of single-family homes, 0.2 increase from April 2014.
$875,826,672 – Total dollar volume of single-family properties sold, 19 percent more than April 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in April 2015 was 284, an eight percent decrease from April 2014. The median price for condos was $230,000, which is seven percent more than the same month of the prior year. When compared to April 2014, these properties spent eight fewer days on the market, or an average of 34 days.
Leasing
In April 2015, a total of 1,437 properties were leased in Austin, which is 18 percent more than April 2014. The median price for Austin-area home leases was $1,550, which is three percent more than the same month of the prior year.
Austin Board of REALTORS® releases real estate statistics for April 2015
