Monthly Market Statistics August 2016


According to the August 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®, Single-family home sales  remained flat in the City of Austin in August 2016, only increasing 0.8 percent year-over-year to 868 home sales. The Median price increased 10.3 percent year-over-year to $356,276, while housing inventory increased 0.2 months to 2.3 months. Single-family homes spent an average of 35 days on the market in August 2016, two days more than August 2015. As housing inventory remains constrained across the Central Texas region and demand remains high, home sales growth is increasingly impacted by new home development. Overall, the local real estate market is performing well, however, I do predict some easing in prices as inventory continues to rise.

August  2016 Statistics                   

  • 3295 – Single-family homes sold, 4.6  percent more than July 2016.
  • $285,000 – Median price for single-family homes, 9.6 percent more than July 2016.
  • $355,241 – Average price for single-family homes, 8.9 percent more than July 2016.
  • 41 – Average number of days single-family homes spent on the market.
  • 3,472 – New single-family home listings on the market.
  • 7,559 – Active single-family home listings on the market.
  • 2,830 – Pending sales for single-family homes..
  • 2.8 – Months of inventory* of single-family homes.

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