Archives for February 2015

2014 Austin Area Housing Statistics

Dec14_1

For the fourth year in a row, annual home sales have increased in the Austin area. According to a report released by the Austin Board of REALTORS, the Austin area set a record for single-family home sales in December (2,283 homes), along with a record for annual home sales in 2014 (27,768 homes).

With its growing economy and below-average cost of living, Austin is the third-fastest growing big city in America. This population growth combined with low housing inventory is driving up home prices.

Townhouse and condominium sales also increased in 2014. December 2014 sales were up 6% compared to December 2013. In the same time period, the median price for condos was $229,750, which is 5% more than the same month of the prior year.

If you are thinking about selling in this incredibly strong market, call Edwin today!

December 2014 Statistics

  • 2,283 – Single-family homes sold, 14 percent more than December 2013.
  • $246,530 – Median price for single-family homes, 10 percent more than December 2013.
  • $311,082 – Average price for single-family homes, six percent more than December 2013.
  • 55 – Average number of days single-family homes spent on the market, three days more than December 2013.
  • 1,546 – New single-family home listings on the market, 10 percent more than December 2013.
  • 5,077 – Active single-family home listings on the market, 12 percent more than December 2013.
  • 1,623 – Pending sales for single-family homes, 18 percent more than December 2013.
  • 2.2 – Months of inventory* of single-family homes, 0.2 month more than December 2013.
  • $710,200,206 – Total dollar volume of single-family properties sold, 21 percent more than December 2013.

2014 Year-End Totals

  • 27,768 – Single-family homes sold, two percent more than 2013.
  • $242,500 – Median price for single-family homes, eight percent more than 2013.
  • $309,975 – Average price for single-family homes, seven percent more than 2013.
  • 47 – Average number of days that single-family homes spent on the market, three days fewer than 2013.
  • 35,423 – New single-family home listings on the market, four percent more than 2013.
  • 5,734 – Active single-family home listings on the market, four percent more than 2013.
  • 28,325 – Pending sales for single-family homes, one percent more than 2013.
  • $8,607,385,376 – Total dollar volume of single-family properties sold, nine percent more than 2013.

Source: https://www.abor.com/news_media/press_releases/2014/p16_14.cfm

Facebook Auto Publish Powered By : XYZScripts.com