Team Price > Search > Market Statistics > February 2015

Market Report February 2015

Published March 26 2015 / Team Price Real Estate

New Austin Listings increased 2.6 percent to 2,925. Pending Sales were up 13.0 percent to 2,611. Inventory levels fell 2.1 percent to 5,853 units. Prices continued to gain traction. The Median Sales Price increased 8.5 percent to $244,150. Days on Market was up 0.4 percent to 63 days. Sellers were encouraged as Months Supply of Inventory was down 4.9 percent to 2.2 months.

Townhouses & Condominiums : The volume of townhouses and condominiums (condos) purchased in the Austin area in February 2015 was 201, a four percent decrease from February 2014. The median price for condos was $196,580, which is five percent less than the same month of the prior year. When compared to February 2014, these properties spent the same amount of time on the market, or an average of 50 days.

Leasing : In February 2015, a total of 1,265 properties were leased in Austin, which is 10 percent more than February 2014. The median price for Austin-area home leases was $1,450, which is four percent more than the same month of the prior year.

Detailed Market Statistics Report 

February Average Sales Price

 

February 2015 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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