November 2015 ABOR Austin Area Statistics After increasing for five consecutive months, Austin-area home sales dipped four percent in November 2015 compared to the same month of the prior year, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR). This is only the second decrease in home sales volume for 2015 to date, with the first decrease occurring in May 2015.
November 2015 Statistics
1,814 – Single-family homes sold, four percent less than November 2014.
$270,000 – Median price for single-family homes, 10 percent more than November 2014.
$347,292 – Average price for single-family homes, 12 percent more than November 2014.
54 – Average number of days single-family homes spent on the market, one day less than November 2014.
2,095 – New single-family home listings on the market, one percent more than November 2014.
5,703 – Active single-family home listings on the market, three percent more than November 2014.
1,965 – Pending sales for single-family homes, four percent more than November 2014.
2.4 – Months of inventory* of single-family homes, unchanged compared to November 2014.
$629,987,688 – Total dollar volume of single-family properties sold, eight percent more than November 2014.
Townhouses & Condominiums
The number of townhouses and condominiums (condos) sold in the Austin area in November 2015 was 180, a 10 percent increase from November 2014. The median price for condos was $216,750, which is one percent less than the same month of the prior year. These properties spent an average of 43 days on market, six days less than in November 2014.
Leasing
In November 2015, a total of 1,205 properties were leased in Austin, which is five percent more than November 2014. Properties spent an average of 42 days on the market, or four fewer days than in November 2014. The median price for property leases was $1,550 per month, a nine percent increase from November 2014. Active property listings increased by one percent compared to November 2014, reaching 1,726 listings.
Austin Board of REALTORS® releases real estate statistics for November 2015
