January 2015 ABOR Austin Area Statistics
Austin-area home prices hit all-time high for January, home sales rise in January 2015
The Austin-area housing market started the year strong in January 2015, with single-family home prices reaching all-time highs for the month of January and home sales posting double-digit increases according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®. This marks the fifth-straight month of annual home sales increases and the fourth-straight month of double-digit gains in home prices, as housing affordability continues to be a challenge in the Austin market.
January 2015 Statistics
1,547 – Single-family homes sold, 11 percent more than January 2014.
$240,000 – Median price for single-family homes, 13 percent more than January 2014.
$310,187 – Average price for single-family homes, 14 percent more than January 2014.
63 – Average number of days single-family homes spent on the market, unchanged from January 2014.
2,360 – New single-family home listings on the market, one percent more than January 2014.
5,005 – Active single-family home listings on the market, nine percent more than January 2014.
2,026 – Pending sales for single-family homes, four percent more than January 2014.
2.2 – Months of inventory* of single-family homes, 0.2 months more than January 2014.
$479,859,289 – Total dollar volume of single-family properties sold, 27 percent more than January 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in January 2015 was 135, which is 30 percent less than January 2014. In the same time period, the median price for condos was $218,250, which is four percent more than the same month of the prior year. When compared to January 2014, these properties spent five fewer days on the market, or an average of 48 days.
In January 2015, a total of 1,279 properties were leased in Austin, which is two percent more than January 2014. The median price for Austin-area home leases was $1,430, which is four percent more than the same month of the prior year.