Austin-area real estate marked its fourth straight year of annual home sale increases.
Austin-area single family home sales volume for the month of December sets annual volume sales for 2014 according to the Austin Board of REALTORS®.
Austin area single family home sales for December 2014 increased by 14% compared to home sales during December 2013 with 2,283 home sold in the month of December 2014.
According to the Austin Board of REALTORS® there were a total of 27,768 homes sold in 2014 giving a 2% increase from 2013.
The Austin-area single family median priced homes increased by 8% over 2013 $242,500. The median price in December 2014 was 246,530 increased 10% higher than December 2013.
Austin-area inventory levels remained low despite an eighteen month trend of monthly decreases in the second quarter of 2014.
While pending sales have increased the average days on the market remained around 47 making days on the market three days fewer than homes sold in 2013.
December 2014 Statistics - Austin-area real estate marked its fourth straight year of annual home sale increases.
- 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 day’s 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.
Austin-area real estate marked its fourth straight year of annual home sale increases. According to 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.
Housing inventory levels remained low in 2014, despite breaking an 18-month trend of monthly decreases in the second quarter of 2014. In December, Austin-area monthly housing inventory was 2.2 months, 0.2 months higher than December 2013.
Austin- area real estate markets can differ in certain zip code neighborhoods whether Urban, Suburban or rural sellers and buyers need to work with a REALTOR® who knows market trends. Bob Ratliff has over fourteen years of helping buyers and sellers in the Austin metro area.
If you or someone you know is considering relocating, selling or buying real estate in Austin-area’s I welcome the opportunity to assist you or them in making Austin Home. Contact Bob Ratliff, REALTOR® (512) 587-5689
information is deemed reliable but not guaranteed, all right reserved - date courtesy of ABOR
(Austin Board of REALTORS® 1/23/2015
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