December 2015 ABOR Austin Area Year-End Statistics
Austin-area single-family home sales and prices set all-time records in 2015, as well as records for the month of December 2015, according to the December 2015 and Year-End 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
December 2015 Statistics
2,390 – Single-family homes sold, five percent more than December 2014.
$270,000 – Median price for single-family homes, 10 percent more than December 2014.
$348,904 – Average price for single-family homes, 13 percent more than December 2014.
57 – Average number of days single-family homes spent on the market, one day more than December 2014.
1,646 – New single-family home listings on the market, six percent more than December 2014.
5,214 – Active single-family home listings on the market, three percent more than December 2014.
1,601 – Pending sales for single-family homes, one percent less than December 2014.
2.2 – Months of inventory* of single-family homes, unchanged compared to December 2014.
$833,880,560 – Total dollar volume of single-family properties sold, 19 percent more than December 2014.
2015 Year-End Totals
29,068 – Single-family homes sold, five percent more than 2014.
$263,900 – Median price for single-family homes, nine percent more than 2014.
$333,558 – Average price for single-family homes, eight percent more than 2014.
49 – Average number of days that single-family homes spent on the market, two days more than 2014.
36,810 – New single-family home listings on the market, four percent more than 2014.
6,044 – Active single-family home listings on the market, five percent more than 2014.
29,839 – Pending sales for single-family homes, five percent more than 2014.
$9,695,852,178 – Total dollar volume of single-family properties sold, 13 percent more than 2014.
Townhouses & Condominiums
The number of townhouses and condominiums (condos) sold in the Austin area in December 2015 was 230 properties, unchanged from December 2014. The median price for condos was $250,000, which is eight percent more than the same month of the prior year. These properties spent an average of 46 days on market, 10 days fewer than in December 2014.
In 2015, Austin-area condo sales dipped three percent from the year prior to 3,057 condo sales. Median price for Austin-area condos was $227,700, a six percent increase from 2014. Condos spent the same amount of time on the market in 2015 as 2014, or an average of 43 days.
Leasing
In December 2015, a total of 1,153 properties were leased in Austin, which is three percent less than December 2014. Properties spent an average of 47 days available for lease, or two fewer days than December 2014. The median rent for property leases was $1,500 per month, a three percent increase from December 2014. Active property listings increased three percent from December 2014 to 1,630 properties. In all of 2015, a total of 17,875 properties were leased in Austin, which is five percent more than 2014, and the median rent was $1,540 per month, or four percent more than 2014.
Austin Board of REALTORS® releases real estate year-end statistics for December 2015
