May 2015 ABOR Austin Area Statistics
Austin-area home prices remain high, home sales decrease in May 2015
After setting a record in April, single-family home sales dipped two percent to 2,767 home sales in May, according to the May 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.
May 2015 Statistics
2,767 – Single-family homes sold, two percent less than May 2014.
$271,000 – Median price for single-family homes, nine percent more than May 2014.
$348,201 – Average price for single-family homes, seven percent more than May 2014.
42 – Average number of days single-family homes spent on the market, two days more than May 2014.
3,865 – New single-family home listings on the market, three percent less than May 2014.
6,323 – Active single-family home listings on the market, six percent more than May 2014.
2,936 – Pending sales for single-family homes, unchanged from May 2014.
2.7 – Months of inventory* of single-family homes, 0.1 months more than May 2014.
$963,472,167 – Total dollar volume of single-family properties sold, five percent more than May 2014.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in May 2015 was 299, a 15 percent decrease from May 2014. The median price for condos was $231,000, which is eight percent more than the same month of the prior year. When compared to May 2014, these properties spent approximately the same amount of time on market, or an average of 41 days.
In May 2015, a total of 1,569 properties were leased in Austin, which is seven percent more than May 2014. The median price for Austin-area home leases was $1,600, seven percent higher than in May 2014.