Austin TX Real Estate Trends for November 2015

Austin TX Real Estate Trends for November 2015

Austin Real Estate sales have been increasing for five consecutive months, but dipped 4% in November 2015 compared to the same month for 2014.

With this slight decrease Austin-area real estate market is showing no sign of slowing down according to Barb Cooper of Austin Multiple Listing Service.

Year to date there has been a 1% increase in new listings and 3% in active listings while inventory remain unchanged 2.4 months.

Sellers don’t think that Winter months is a slow time of year to put your home on the market. Buyers in general are motivated and ready to close if they’re looking in the winter and holiday months.

November 2015 Statistics

1,814 – Single-family homes sold, four percent less than November 2014.

$270,000 – Median price for single-family homes, 10 percent more than November 2014.

$347,292 – Average price for single-family homes, 12 percent more than November 2014.

54 – Average number of days single-family homes spent on the market, one day less than November 2014.

2,095 – New single-family home listings on the market, one percent more than November 2014.

5,703 – Active single-family home listings on the market, three percent more than November 2014.

1,965 – Pending sales for single-family homes, four percent more than November 2014.

2.4 – Months of inventory* of single-family homes, unchanged compared to November 2014.

$629,987,688 – Total dollar volume of single-family properties sold, eight percent more than November 2014.

Austin TX Real Estate Trends for November 2015, might show a slight dip but remains a booming economy and real estate is moving.

Call the Bob Ratliff Team, REALTORS® to sell your home, we have buyers waiting for new listings.