September 2015 ABOR Austin Area Statistics
With Austin-area home sales up for another month in September, Central Texas REALTORS® urge homebuyers to vote for housing affordability on Nov. 3.
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area single-family home sales and prices hit an all-time high for the month of September. Home sales increased by seven percent year-over-year to 2,603 home sales and median price increased eight percent year-over-year, reaching $258,000 in September 2015.
September 2015 Statistics
2,603 – Single-family homes sold, seven percent more than September 2014.
$258,000 – Median price for single-family homes, eight percent more than September 2014.
$324,150 – Average price for single-family homes, five percent more than September 2014.
47 – Average number of days single-family homes spent on the market, three more days than September 2014.
2,860 – New single-family home listings on the market, 11 percent more than September 2014.
6,759 – Active single-family home listings on the market, four percent more than September 2014.
2,391 – Pending sales for single-family homes, nine percent more than September 2014.
2.8 – Months of inventory* of single-family homes, unchanged from September 2014.
$843,762,450 – Total dollar volume of single-family properties sold, 13 percent more than September 2014.
Townhouses & Condominiums
The number of townhouses and condominiums (condos) sold in the Austin area in September 2015 was 269, an 11 percent increase from September 2014. The median price for condos was $220,250, which is eight percent more than the same month of the prior year. These properties spent an average of 40 days on market, unchanged from September 2014.
In September 2015, a total of 1,593 properties were leased in Austin, which is 15 percent more than September 2014. Properties spent an average of 38 days on the market, or two fewer days than in September 2014. Active property listings increased by four percent compared to September 2014, reaching 1,937 listings.