March 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 increased 9.3 percent to 2,552 home sales in March 2016 compared to the same month the year prior. Median single-family home price also increased 7.8 percent year-over-year, reaching $278,000 in March 2016.
March 2016 Statistics
2,552 – Single-family homes sold, 9.3 percent more than March 2015.
$278,000 – Median price for single-family homes, 7.8 percent more than March 2015.
$347,734 – Average price for single-family homes, 4.5 percent more than March 2015.
54 – Average number of days single-family homes spent on the market, unchanged compared to March 2015.
3,633 – New single-family home listings on the market, 12.2 percent more than March 2015.
4,669 – Active single-family home listings on the market, 1.5 percent more than March 2015.
2,811 – Pending sales for single-family homes, 7.2 percent more than March 2015.
2.0 – Months of inventory* of single-family homes, 0.2 months less than March 2015.
$887,419,074 – Total dollar volume of single-family properties sold, 14.1 percent more than March 2015.
Austin Board of REALTORS® releases real estate statistics for March 2016
