February 2015 ABOR Austin Area Statistics
Austin-area home sales, prices hit monthly records in February 2015
Austin-area single-family home sales and home prices hit an all-time high for the month of February according to the February 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
February 2015 Statistics
1,775 – Single-family homes sold, five percent more than February 2014.
$248,640 – Median price for single-family homes, eight percent more than February 2014.
$307,928 – Average price for single-family homes, five percent more than February 2014.
58 – Average number of days single-family homes spent on the market, three days more than February 2014.
2,619 – New single-family home listings on the market, three percent more than February 2014.
5,142 – Active single-family home listings on the market, nine percent more than February 2014.
2,278 – Pending sales for single-family homes, eight percent more than February 2014.
2.2 – Months of inventory* of single-family homes, 0.2 months more than February 2014.
$546,572,200 – Total dollar volume of single-family properties sold, 10 percent more than February 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in February 2015 was 201, a four percent decrease from February 2014. The median price for condos was $196,580, which is five percent less than the same month of the prior year. When compared to February 2014, these properties spent the same amount of time on the market, or an average of 50 days.
Leasing
In February 2015, a total of 1,265 properties were leased in Austin, which is 10 percent more than February 2014. The median price for Austin-area home leases was $1,450, which is four percent more than the same month of the prior year.
Austin Board of REALTORS® releases real estate statistics for February 2015
