2015 Year-End Statistics

Austin-area home sales and prices set an all-time record in 2015, as well as records for the month of December 2015, according to a Multiple Listing Service report released by the Austin Board of REALTORS^®.

Demand for Austin-area real estate was stronger than ever in 2015, mostly due to our thriving economy and population growth. The median price for single-family homes in the Austin area increased nearly $30,000 in the last year alone.

In December, the median price for condominiums was $250,000, eight percent more than the same month of the prior year and they spent an average of 46 days on the market, 10 days fewer than in December 2014.

If you know someone who wants to buy or sell in today’s market, call me!

December 2015 Statistics

• 2,390 – Single-family homes sold, five percent more than December 2014.
• $270,000 – Median price for single-family homes, 10 percent more than December 2014.
• $348,904 – Average price for single-family homes, 13 percent more than December 2014.
• 57 – Average number of days single-family homes spent on the market, one day more than December 2014.
• 1,646 – New single-family home listings on the market, six percent more than December 2014.
• 5,214 – Active single-family home listings on the market, three percent more than December 2014.
• 1,601 – Pending sales for single-family homes, one percent less than December 2014.
• 2.2 – Months of inventory* of single-family homes, unchanged compared to December 2014.
• $833,880,560 – Total dollar volume of single-family properties sold, 19 percent more than December 2014.

2015 Year-End Totals

• 29,068 – Single-family homes sold, five percent more than 2014.
• $263,900 – Median price for single-family homes, nine percent more than 2014.
• $333,558 – Average price for single-family homes, eight percent more than 2014.
• 49 – Average number of days that single-family homes spent on the market, two days more than 2014.
• 36,810 – New single-family home listings on the market, four percent more than 2014.
• 6,044 – Active single-family home listings on the market, five percent more than 2014.
• 29,839 – Pending sales for single-family homes, five percent more than 2014.
• $9,695,852,178 – Total dollar volume of single-family properties sold, 13 percent more than 2014.

Source: http://www.abor.com/statsdec15/