February 2016 ABOR Market Report
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased by 2.9 percent to 1,783 home sales in February 2016 compared to the same month the year prior. Median single-family home price also increased 8.0 percent year-over-year, reaching $269,900 in February 2016.
February 2016 Statistics
1,783 – Single-family homes sold, 2.9 percent more than February 2015.
$269,900 – Median price for single-family homes, 8.0 percent more than February 2015.
$333,011 – Average price for single-family homes, 7.6 percent more than February 2015.
62 – Average number of days single-family homes spent on the market, three days more than February 2015.
2,793 – New single-family home listings on the market, 11.1 percent more than February 2015.
4,871 – Active single-family home listings on the market, 10 percent more than February 2015.
2,346 – Pending sales for single-family homes, 12.3 percent more than February 2015.
2.1 – Months of inventory* of single-family homes, 0.1 months more than February 2015.
$593,758,953– Total dollar volume of single-family properties sold, 10.7 percent more than February 2015.
Austin Board of REALTORS® releases real estate statistics for February 2016
