AUSTIN, Texas – April 21, 2016 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased 9.3 percent to 2,552 home sales in March 2016 compared to the same month the year prior. Median single-family home price also increased 7.8 percent year-over-year, reaching $278,000 in March 2016.
Still a HOT Market!
- 2,552 – Single-family homes sold, UP 9.3 from March 2015.
- $278,000 – Median price for single-family homes, UP 7.8 percent fromMarch 2015.
- 54 – Average number of days single-family homes spent on the market, unchanged from March 2015.
- 4,669 – Active single-family home listings on the market, UP 1.5 percent from March 2015.
- 2.0 – Months of inventory* of single-family homes, DOWN 0.2 months from March 2015.
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