Team Price > Search > Market Statistics > March 2015

Market Report March 2015

Published April 30 2015 / Team Price Real Estate

New Austin Listings increased 5.5 percent to 3,790. Pending Sales were up 11.5 percent to 3,239. Inventory levels fell 2.1 percent to 6,089 units. Prices continued to gain traction. The Median Sales Price increased 8.7 percent to $250,000. Days on Market was up 1.8 percent to 59 days. Sellers were encouraged as Months Supply of Inventory was down 5.7 percent to 2.3 months.

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Market Overview


Average Price


Townhouses & Condominiums : The volume of townhouses and condominiums (condos) purchased in the Austin area in March 2015 was 263, a three percent decrease from March 2014. The median price for condos was $226,500, which is one percent more than the same month of the prior year. When compared to March 2014, these properties spent 10 fewer days on the market, or an average of 43 days.

Leasing : In March 2015, a total of 1,348 properties were leased in Austin, which is 12 percent more than March 2014. The median price for Austin-area home leases was $1,500, which is three percent more than the same month of the prior year.

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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

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