July 2015 ABOR Austin Area Statistics
Austin-area home sales hit all-time high, inventory levels rising in July 2015
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales hit an all-time high, increasing 12 percent year-over-year to 3,149 sales for the month of July.
July 2015 Statistics
3,149 – Single-family homes sold, 12 percent more than July 2014.
$269,500 – Median price for single-family homes, eight percent more than July 2014.
$338,452 – Average price for single-family homes, six percent more than July 2014.
41 – Average number of days single-family homes spent on the market, two days more than July 2014.
4,133 – New single-family home listings on the market, nine percent more than July 2014.
7,174 – Active single-family home listings on the market, five percent more than July 2014.
2,873 – Pending sales for single-family homes, eight percent more than July 2014.
3.0 – Months of inventory* of single-family homes, unchanged compared to July 2014.
$1,065,785,348 – Total dollar volume of single-family properties sold, 19 percent more than July 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in July 2015 was 317, a four percent decrease from July 2014. The median price for condos was $224,850, which is 10 percent more than the same month of the prior year. When compared to July 2014, these properties spent 42 days on market, or five more days than July 2014.
Leasing
In July 2015, a total of 2,187 properties were leased in Austin, which is nine percent more than July 2014. The median price for Austin-area home leases was $1,550, three percent higher than in July 2014.
Austin Board of REALTORS® releases real estate statistics for July 2015
