Team Price > Search > Market Statistics > December 2014

Market Report December 2014

Published January 27 2015 / Team Price Real Estate

New Austin Listings increased 8.2 percent to 1,697. Pending Sales were up 19.4 percent to 1,859. Inventory levels rose 0.4 percent to 5,903 units. Prices continued to gain traction. The Median Sales Price increased 8.3 percent to $242,620. Days on Market was up 4.5 percent to 62 days. Sellers were encouraged as Months Supply of Inventory was down 1.3 percent to 2.3 months.

Townhouses & Condominiums The volume of townhouses and condominiums (condos) purchased in the Austin area in December 2014 was 222, which is six percent more than December 2013. In the same time period, the median price for condos was $229,750, which is five percent more than the same month of the prior year. When compared to December 2013, these properties spent five additional days on the market, or an average of 55 days. Over the course of 2014, 3,150 Austin condos were sold, which is statistically unchanged compared to 2013; the median price was $215,000, or 10 percent more than 2013; and condos spent an average of 43 days on the market, nine days fewer than 2013.

Leasing In December 2014, a total of 1,214 properties were leased in Austin, which is 17 percent more than December 2013. The median price for Austin-area leases was $1,450, which is five percent more than the same month of the prior year. In all of 2014, a total of 16,960 properties were leased in Austin, which is four percent more than 2013, and the median lease price was $1,480, or six percent more than 2013.

Detailed Market Statistics Report 

Average Sales Price

 December 2014 Snapshot

 

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 2014

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