October 2015 ABOR Austin Area Statistics
Austin-area home sales remain high, could signal record year for Central Texas real estate.
Austin-area single-family home sales increased year-over-year for the fifth consecutive month in October 2015, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR). Austin-area single-family home sales increased by two percent year-over-year to 2,378 home sales and median price increased five percent by the same measure to $252,790 in October 2015.
October 2015 Statistics
2,378 – Single-family homes sold, two percent more than October 2014.
$252,790 – Median price for single-family homes, five percent more than October 2014.
$333,452 – Average price for single-family homes, seven percent more than October 2014.
50 – Average number of days single-family homes spent on the market, one day fewer than October 2014.
2,847 – New single-family home listings on the market, statistically unchanged compared to October 2014.
6,342 – Active single-family home listings on the market, three percent more than October 2014.
2,339 – Pending sales for single-family homes, four percent more than October 2014.
2.6 – Months of inventory* of single-family homes, 0.1 months less than October 2014.
$792,948,856 – Total dollar volume of single-family properties sold, 10 percent more than October 2014.
Townhouses & Condominiums
The number of townhouses and condominiums (condos) sold in the Austin area in October 2015 was 230, a 15 percent decrease from October 2014. The median price for condos was $234,680, which is four percent more than the same month of the prior year. These properties spent an average of 48 days on market, unchanged from October 2014.
In October 2015, a total of 1,384 properties were leased in Austin, which is one percent more than October 2014. Properties spent an average of 41 days on the market, or two fewer days than in October 2014. Active property listings increased by five percent compared to October 2014, reaching 1,891 listings.