August 2015 ABOR Austin Area Statistics
Austin-area home prices set August record, outpace household income growth in August 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.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in August 2015 was 305, a one percent increase from August 2014. The median price for condos was $225,500, which is five percent more than the same month of the prior year. These properties spent 37 days on market, or three more days than August 2014.
In August 2015, a total of 2,080 properties were leased in Austin, which is three percent more than August 2014. Properties spent an average of 36 days on the market, or four fewer days than in August 2014. Active property listings increased by eight percent compared to August 2014, reaching 1,986.