January 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 dropped slightly in January 2016 compared to the same month the year prior. Home sales decreased by 1.9 percent year-over-year to 1,459 home sales and median price increased 6.3 percent year-over-year, reaching $254,999 in January 2016.
January 2016 Statistics
1,459 – Single-family homes sold, 1.9 percent less than January 2015.
$254,999 – Median price for single-family homes, 6.3 percent more than January 2015.
$322,620 – Average price for single-family homes, 3.8 percent more than January 2015.
56 – Average number of days single-family homes spent on the market, seven days less than January 2015.
2,399 – New single-family home listings on the market, 8.0 percent more than January 2015.
4,751 – Active single-family home listings on the market, 11.4 percent more than January 2015.
2,207 – Pending sales for single-family homes, 16.6 percent more than January 2015.
2.0 – Months of inventory* of single-family homes, 0.1 months more than January 2015.
$470,702,965 – Total dollar volume of single-family properties sold, 1.9 percent more than January 2015.
Austin Board of REALTORS® releases real estate statistics for January 2016
