Team Price > Search > Market Statistics > January 2015

Market Report January 2015

Published February 26 2015 / Team Price Real Estate

New Austin Listings increased 1.1 percent to 2,693. Pending Sales were up 9.9 percent to 2,353. Inventory levels fell 1.0 percent to 5,811 units. Prices continued to gain traction. The Median Sales Price increased 12.2 percent to $236,561. Sellers were encouraged as Months Supply of Inventory was down 3.1 percent to 2.2 months.

Townhouses & Condominiums The volume of townhouses and condominiums (condos) purchased in the Austin area in January 2015 was 135, which is 30 percent less than January 2014. In the same time period, the median price for condos was $218,250, which is four percent more than the same month of the prior year. When compared to January 2014, these properties spent five fewer days on the market, or an average of 48 days.

Leasing In January 2015, a total of 1,279 properties were leased in Austin, which is two percent more than January 2014. The median price for Austin-area home leases was $1,430, which is four percent more than the same month of the prior year.

Detailed Market Statistics Report 

Average Sales Price

 

 January 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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