December 2014 ABOR Austin Area Year-End Statistics
December 2014 Market Report: Austin-area home sales set records for the month of December, annual home sales volume in 2014. According to the December 2014 and Year-End 2014 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, the Austin-area housing market set a record for single-family home sales volume for the month of December, as well as a record for annual home sales volume in 2014. This marked the fourth-straight year of annual home sales increases.
December 2014 Statistics
2,283 – Single-family homes sold, 14 percent more than December 2013.
$246,530 – Median price for single-family homes, 10 percent more than December 2013.
$311,082 – Average price for single-family homes, six percent more than December 2013.
55 – Average number of days single-family homes spent on the market, three days more than December 2013.
1,546 – New single-family home listings on the market, 10 percent more than December 2013.
5,077 – Active single-family home listings on the market, 12 percent more than December 2013.
1,623 – Pending sales for single-family homes, 18 percent more than December 2013.
2.2 – Months of inventory* of single-family homes, 0.2 month more than December 2013.
$710,200,206 – Total dollar volume of single-family properties sold, 21 percent more than December 2013.
2014 Year-End Totals
27,768 – Single-family homes sold, two percent more than 2013.
$242,500 – Median price for single-family homes, eight percent more than 2013.
$309,975 – Average price for single-family homes, seven percent more than 2013.
47 – Average number of days that single-family homes spent on the market, three days fewer than 2013.
35,423 – New single-family home listings on the market, four percent more than 2013.
5,734 – Active single-family home listings on the market, four percent more than 2013.
28,325 – Pending sales for single-family homes, one percent more than 2013.
$8,607,385,376 – Total dollar volume of single-family properties sold, nine percent more than 2013.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in December 2014 was 222, which is six percent more than December 2013. In the same time period, the median price for condos was $229,750, which is five percent more than the same month of the prior year. When compared to December 2013, these properties spent five additional days on the market, or an average of 55 days. Over the course of 2014, 3,150 Austin condos were sold, which is statistically unchanged compared to 2013; the median price was $215,000, or 10 percent more than 2013; and condos spent an average of 43 days on the market, nine days fewer than 2013.
Leasing
In December 2014, a total of 1,214 properties were leased in Austin, which is 17 percent more than December 2013. The median price for Austin-area leases was $1,450, which is five percent more than the same month of the prior year. In all of 2014, a total of 16,960 properties were leased in Austin, which is four percent more than 2013, and the median lease price was $1,480, or six percent more than 2013.
Austin Board of REALTORS® releases real estate year-end statistics for December 2014
