Austin TX Area Single Family Housing Statistics ~ August 2014
According to the Austin Multiple Listing Service (MLS), the Austin Texas Residential Real Estate Market in August 2014 reflected a month over month decrease of 4% in single family Units Sold compared to August of 2013. However the Median Home Price for single family homes jumped 11% and the Average Price rose 9%! Single family homes continued to sell quickly with Average Days on Market of 42 days, one day less than August 2013.
Rising single family homes prices and housing affordability issues persist to plaque the Austin Housing market. A significant number of home sales in Austin are made up of the first time home buyer and first time move up buyer. With prices rising these buyers are priced out of the market place. 
The Inventory rose 10% to 3.0 months of inventory in August 2014. The good news is Pending Sales rose 1%. Austin area housing inventory should continue to rise with the fall market in full swing. New listings if priced and staged well will move off market as buyers are looking for valued priced listings.
Selling or buying a NW Austin home is a complex process and you want to work with a REALTOR® that understands the process and the ever changing dynamics of the Austin housing market. I have systems in place, references and am a good listener and communicator. It would be my pleasure to schedule time to see if we are a good match. Reach out to me at 512.346.1799 or email at dillard@reloaustin.com.
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