June 2015 ABOR Austin Area Statistics
Austin-area home sales top 3,000, $1 billion in volume in June 2015, prices remain high; Mid-year results show 2015 on pace to exceed historical sales volume in 2014
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales topped 3,000 sales for the first time since July 2013, increasing five percent year-over-year to 3,051 sales for the month of June. Mid-year statistics show that Austin-area home sales increased an average of four percent year-over-year to 13,917, putting 2015 on pace to potentially exceed 2014’s historical high in sales volume.
June 2015 Statistics
3,051 – Single-family homes sold, five percent more than June 2014.
$272,250 – Median price for single-family homes, eight percent more than June 2014.
$333,866 – Average price for single-family homes, two percent more than June 2014.
42 – Average number of days single-family homes spent on the market, three days more than June 2014.
3,812 – New single-family home listings on the market, three percent more than June 2014.
6,701 – Active single-family home listings on the market, four percent more than June 2014.
3,023 – Pending sales for single-family homes, eight percent more than June 2014.
2.8 – Months of inventory* of single-family homes, unchanged compared to June 2014.
$1,018,625,166 – Total dollar volume of single-family properties sold, eight percent more than June 2014.
2015 Mid-Year Statistics
13,917 – Single-family homes sold, four percent more than the first half of 2014.
$263,000 – Median price for single-family homes, 10 percent more than the first half of 2014.
$331,765 – Average price for single-family homes, eight percent more than the first half of 2014.
50 – Average number of days single-family homes spent on the market, three days more than the first half of 2014.
19,865 – New single-family home listings on the market, three percent more than the first half of 2014.
5,727 – Active single-family home listings on the market, eight percent more than the first half of 2014.
15,984 – Pending sales for single-family homes, five percent more than the first half of 2014.
$4,617,178,959 – Total dollar volume of single-family properties sold, 12 percent more than the first half of 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in June 2015 was 331, a 12 percent increase from June 2014. The median price for condos was $234,500, which is eleven percent more than the same month of the prior year. When compared to June 2014, these properties spent 8 more days on the market, or an average of 39 days.
For the first half of 2015, 1,510 Austin condos were sold, which is seven percent less than this time last year, while the median price was $226,250, or six percent more than the first half of 2014. Condos spent an average of 43 days on the market, one day fewer than the first half of 2014.
Leasing
In June 2015, a total of 1,861 properties were leased in Austin, which is fourteen percent more than June 2014. The median price for Austin-area home leases was $1,600, seven percent higher than in June 2014. In the first half of 2015, a total of 8,525 properties were leased in Austin, which is eight percent more than 2014, and the median lease price was $1,520, a five percent increase from the first half of 2014.
Austin Board of REALTORS® releases real estate statistics for June 2015
