March 2015 ABOR Austin Area Statistics
Austin-area Home Prices Reach All-time High, Home Sales Set Record for March
Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
March 2015 Statistics
2,440 – Single-family homes sold, 13 percent more than March 2014.
$255,000 – Median price for single-family homes, 10 percent more than March 2014.
$334,758 – Average price for single-family homes, 13 percent more than March 2014.
55 – Average number of days single-family homes spent on the market, four days more than March 2014.
3,402 – New single-family home listings on the market, six percent more than March 2014.
5,274 – Active single-family home listings on the market, six percent more than March 2014.
2,812 – Pending sales for single-family homes, five percent more than March 2014.
2.2 – Months of inventory* of single-family homes, statistically unchanged from March 2014.
$816,809,520 – Total dollar volume of single-family properties sold, 28 percent more than March 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in March 2015 was 263, a three percent decrease from March 2014. The median price for condos was $226,500, which is one percent more than the same month of the prior year. When compared to March 2014, these properties spent 10 fewer days on the market, or an average of 43 days.
Leasing
In March 2015, a total of 1,348 properties were leased in Austin, which is 12 percent more than March 2014. The median price for Austin-area home leases was $1,500, which is three percent more than the same month of the prior year.
Austin Board of REALTORS® releases real estate statistics for March 2015
