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Austin TX weekly real estate market review March 7th, 2016

By
Real Estate Broker/Owner with Potranco Realty 492107

Austin Weekly Market Review March 7th, 2016

 

Austin weekly market review shows 6,263 active listings to date with 5,695 active listings in 2015 during the same period, a 568 difference.

 

New listings - up 25.58% compared to the March 1 - 7, 2015.

 

Pending listings - up 13.35%

 

Sold listings - up 44.33%



Prices for the Week of February 28 - March 5, 2016

 

Sold average sales prices decreased -4.23% to $332,709 from $347,408 in 2015.

 

Current Pending Listings = 4,406 with and average list price of $340,113.  In 2015 there were 3,915 pending listings with and average list price of $337,194.  That is a 12.54% increase in the number of pending listings and a less than 1% (0.87%) increase in average listing price.

 

February numbers as of 3/7/2016

(numbers may fluctuate as more homes are sold in our MLS)

 

Units Sold:

1,923 down slightly 0.52% from February 2015

 

Average Sale Price:

$321,658 up 7.12% from February 2015

 

Average Days on the Market:

68.15 up 5.97 days from February 2015

 

Median Sales Price:

$261,500 up 6.73% from February 2016

 

This week’s Austin real estate market review for March 7th, 2016 is brought to you by Austin REALTOR® -Bob Ratliff (512) 587-5689

 

Comments (12)

Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Once again, this shows you have your finger on the pulse of Austin.  Well done sir.

Mar 07, 2016 08:43 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

You have a robust market Bob. It is obvious from the data you have carefully provided.

Happy selling.

Mar 07, 2016 10:07 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Bob --- the Austin real estate market is very hot --- here's to getting a bigger piece of that pie.  

Mar 07, 2016 10:36 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

A very thorough market report that the people of Austin will surely appreciate, nice work my friend!

Mar 07, 2016 11:12 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Bob Ratliff This is an excellent report for prospective buyers and sellers alike.  Very professional...thanks for taking the time to share this.

Mar 07, 2016 11:16 PM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Bob, I love reading your Austin Texas Real Estate reports. I just love Austin.

Mar 08, 2016 12:26 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Bob, excellent market report on Austin TX. 

Mar 08, 2016 08:21 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bob, Austin continues to be a hot market.  Send some of that over here to your friends in CT :)

Mar 08, 2016 08:59 AM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information to share with families moving to the area.

Mar 08, 2016 10:30 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Bob. A lot of your numbers are going up, hope that trend continues. Good job with your report.

Mar 08, 2016 06:23 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Bob.  Thanks for keeping us up to date with the Austin TX real estate market.

Mar 08, 2016 07:37 PM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Bob, excellent weekley update of the Austin TX very hot real estate market. 

Mar 09, 2016 04:29 AM