Market Report August 2015
Published September 24 2015 / Team Price Real Estate
New Austin Listings increased 1.9 percent to 3,735. Pending Sales were up 17.5 percent to 3,151. Inventory levels fell 3.8 percent to 8,181 units. Prices continued to gain traction. The Median Sales Price increased 7.4 percent to $260,000. Days on Market was down 3.1 percent to 43 days. Sellers were encouraged as Months Supply of Inventory was down 10.8 percent to 3.0 months.
Home sales statistics are released on a monthly basis. Average sales price for all closed sales, not accounting for seller concessions, in a given month. For more information, please contact Team Price Real Estate at 512-213-0213. The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced. Statistics from ABoR Marketing Department. All rights reserved. © Copyright 2015