Austin Real Estate Market Statistics – August 2015 YTD

The Overall Austin Market:
Our average home sales price for this year compared to last August is $331,966; this represents a 7% increase over last year at this time. Single family homes for sale were up 4% from last month to 6064 homes on the market. This was also 7% more than last August.Monthly Austin Real Estate Market Report; by Mary Battaglia

For the month of August, Austin-area home sales increased 8% compared to last August, and for the year sales are up 6% as well. Single-family homes are taking an average of 42 days on the market to sell in August, while for the year they averaged 48 days to sell.

Typically the number of homes for sale declines when you enter the fourth quarter of the year, The resulting shortage in supply creates opportunities for Sellers, for they have less competition from other properties similar to theirs. The Austin area continues to experience steady, healthy growth with Amazon being the latest large company to move here. Buyers continue to benefit from historically low interest rates at or below 4% for a 30-year loan.

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

The Georgetown Real Estate Market:
Average sold price – up 5% from a year ago to $298,999
Number of Sales YTD – 8.25% greater than this time last year
Number of Active Listings – Up 28% from last August to 535 listings
Months of Inventory – a balanced market at 4 MOI

The Round Rock Real Estate Market:
Monthly Austin Real Estate Market Report; by Mary Battaglia
Average sold price – up 7.4% from last August to $281,377
Number of Sales YTD – up 1% compared to this time last year
Number of Active Listings – up 7% from a year ago to 389 listings
and up 2% from last month
Months of Inventory – decreasing slightly to 1.9 MOI, favoring sellers

The Pflugerville Real Estate Market:
Average sold price – up 11.5% from a year ago to $223,244
Number of Sales YTD – up an impressive 20% compared to last August
Number of Active Listings – even from last August at 213 listings
Months of Inventory – there is 1.9 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:
Average sold price – up 9% to $278,004
Number of Sales YTD – up 1.8% from this time last year
Number of Active Listings – up 15.7% from last year to 502 listings
a 1% increase from last month
Months of Inventory – favoring sellers at 2.4 MOI

The North & Northwest Austin Real Estate Market: Monthly Austin Real Estate Market Report; by Mary Battaglia
Average sold price – up 4.3% from a year ago to $413,988
Number of Sales YTD – up 4.7% from this time last year
Number of Active Listings – a 10% increase from last August to 163 listings
up 7% from last month
Months of Inventory – a seller’s market at 1.7 months of inventory

The River North Austin (FM 2222)  Real Estate Market:
Average sold price – 7.7% more than a year ago to $648,587
Number of Sales YTD – down 7% from this time last year
Number of Active Listings – up 4% from last August to 176 listings
Months of Inventory – fairly balanced at 3.8 MOI

The Austin Westlake Real Estate Market: Monthly Austin Real Estate Market Report; by Mary Battaglia

    Average sold price – up 5.4% from a year ago at $1,055,124
    Number of Sales YTD – up 4.7% compared to last August
    Number of Active Listings – up an impressive 32% from last August at 190 listings
    which was a 1% increase over last month
    Months of Inventory – slightly favoring buyers at 5.2 MOI

    The Southwest Austin Real Estate Market:
    Average sold price – up 10.6% from a year ago to $324,344
    Number of Sales YTD – up 3.6% compared to this time last year
    Number of Active Listings – a 27% increase from last August to 291listings
    which is a 5% gain from last month
    Months of Inventory – a seller’s market at 1.7 MOI

    Austin Lakeway area (South shore) Real Estate Market:
    Average sold price – up 4% from a year ago to $536,825
    Number of Sales YTD – even compared to this time last year
    Number of Active Listings – up 6.6% compared to last August to 644 listings
    Months of Inventory – up to 6.4 MOI, a slight oversupply

    Visit my homepage to search Austin homes for sale and learn about buying or selling real estate in the Austin area.
    Thanks!!
    Mary Battaglia, GRI, CRS

     

Austin Real Estate Market Statistics – September 2014 YTD

The Overall Austin Market:

Our average home sales price compared to last September is $309,771; this represents a 6% increase from a year ago. Prices in the Austin market continue to increase steadily however the rate of increase is far from excessive. The median price (halfway up the list) of $242,000 compared to last September is up 8%. Monthly Austin Real Estate Market Report; by Kirby Parsons

 

Austin-area home sales increased 10% compared to last September, and for the year are almost identical to last year at this time. We should see a healthy Fall, even though the 4th quarter is typically slower compared to the Spring. Single-family homes continued to sell quickly as they spent an average 42 days on the market.

 

Active listings increased 8% to 6469 listings. The months of inventory has fallen back slightly to 2.8 months of inventory, reflecting an upswing in activity. 30-year interest rates hovering near 4% gave buyers good reason to take advantage of the opportunity.

 

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 10.8% from a year ago to $283,155
  • Number of Sales YTD – 6.7% greater than this time last year
  • Number of Active Listings – Up 13% from last September to 425 listings
  • Months of Inventory – trending toward a seller’s market at 3.4 MOI

The Round Rock Real Estate Market: Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 8.6% from last July to $262,177
  • Number of Sales YTD – off 4.2% compared to this time last year
  • Number of Active Listings – 1% less than a year ago to 429 listings
  • Number of Active Listings – up 2% from last month
  • Months of Inventory – favoring sellers at 1.9 MOI

The Pflugerville Real Estate Market:

  • Average sold price – up 10.8% from a year ago to $200,380
  • Number of Sales YTD – up 1.7% compared to this time last year
  • Number of Active Listings – equal to last September at 220 listings
  • Months of Inventory – there is 1.8 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 10.4% to $255,850
  • Number of Sales YTD – off 3.8% from this time last year
  • Number of Active Listings – up 19.8% from last year at 442 listings
  • Number of Active Listings – up 2% from last month
  • Months of Inventory – favoring sellers at 2.1 MOI

The North Central Austin Real Estate Market:

  • Average sold price – 15.5% more than a year ago at $358,806
  • Number of Sales YTD – down 4.9% from this time last year
  • Number of Active Listings – up 12% from a year ago at 37 listings
  • Months of Inventory – a seller’s market at 1.1 months of inventory

The North & Northwest Market: Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 13.3% from a year ago to $400,060
  • Number of Sales YTD – down 16% from this time last year
  • Number of Active Listings – 3% less than last September at 144 listings
  • Number of Active Listings – off 1% from last month
  • Months of Inventory – a seller’s market at 1.4 months of inventory

The River North (FM 2222) Market:

  • Average sold price – 4.8% more than a year ago to $612,709
  • Number of Sales YTD – down 10.7% from this time last year
  • Number of Active Listings – up 7.7% from last September at 167 listings
  • Number of Active Listings – equal to last month
  • Months of Inventory – balanced at 3 MOI

The Austin Westlake Market: Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – UP 2% from a year ago at $1,000,906
  • Number of Sales YTD – off 10.4% compared to last September
  • Number of Active Listings – off 2% from last month at 148 listings
  • Number of Active Listings – down 11% compared to last September
  • Months of Inventory – slightly favoring sellers at 4.2 MOI

The Southwest Austin Real Estate Market:

  • Average sold price – up 8.9% from a year ago to $292,846
  • Number of Sales YTD – off 8.1% compared to this time last year
  • Number of Active Listings – up 7% from last month to 228 listings
  • Number of Active Listings – up 15.9% from a year ago
  • Months of Inventory – a seller’s market at 1.7 MOI

Lake (South shore) Real Estate Market:

  • Average sold price – up 8.3% from a year ago to $513,753
  • Number of Sales YTD – up 5.9% compared to this time last year
  • Number of Active Listings – equal to last month at 605 listings
  • Number of Active Listings – 11.2% greater than last September
  • Months of Inventory – rising to 5.8 MOI, an oversupply

Visit my homepage to search Austin homes for sale and learn about buying or selling real estate in the Austin area.
Thanks!!
Mary Battaglia, GRI, CRS

 

Austin Real Estate Market Statistics – August 2014 YTD

The Overall Austin Market:

Our average home sales price compared to last August is $311,414; this represents a 6% increase from a year ago. That’s no bubble, out-0f-control increase but a positive figure over the last year that reflects healthy, sustained growth. The median price (halfway up the list) of $242,500 compared to last August is up 8% which is still reasonable.
Monthly Austin Real Estate Market Report; by Kirby Parsons
Austin-area home sales declined for the second consecutive month in August 2014, but that is to be expected as we enter the 4th quarter. For August, sales dipped 4% to 2835 compared to a year ago. Single-family homes continued to sell quickly as they spent an average 42 days on the market. With interest rates hovering near 4.2% the coming quarter presents a prospective Purchaser with an opportunity.

Active listings increased 10% to 6707 listings. The months of inventory rose slightly to 3 months of inventory, as much-needed listings came on the market.

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 10.9% from a year ago to $284,113
  • Number of Sales YTD – 4.7% greater than this time last year
  • Number of Active Listings – Up 12.4% from last August to 418 listings
  • Months of Inventory – trending toward a seller’s market at 3.7 MOI

 

The Round Rock Real Estate Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 8% from last July to $262,076
  • Number of Sales YTD – off 5.6% compared to this time last year
  • Number of Active Listings – 2% less than a year ago to 419 listings
  • Number of Active Listings – up 4% from last month
  • Months of Inventory – favoring sellers at 2.6 MOI

 

The Pflugerville Real Estate Market:

  • Average sold price – up 11% from a year ago to $200,380
  • Number of Sales YTD – up 1.6% compared to this time last year
  • Number of Active Listings – equal to last August at 214 listings
  • Months of Inventory – there is 2.6 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 11% to $254,928
  • Number of Sales YTD – off 5.6% from this time last year
  • Number of Active Listings – up 20% from last year at 434 listings
  • Number of Active Listings – up 9.3% from last month
  • Months of Inventory – favoring sellers at 2.7 MOI

 

The North Central Austin Real Estate Market:

  • Average sold price – 12.4% more than a year ago at $353,338
  • Number of Sales YTD – down 6.3% from this time last year
  • Number of Active Listings – up 1% from a year ago at 36 listings
  • Months of Inventory – a seller’s market at 1.4 months of inventory

 

The North & Northwest Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 12.7% from a year ago to $397,537
  • Number of Sales YTD – down 16.6% from this time last year
  • Number of Active Listings – equal to last year at 148 listings
  • Number of Active Listings – up 3% from last month
  • Months of Inventory – a seller’s market at 2.2 months of inventory

 

The River North (FM 2222) Market:

  • Average sold price – 2.7% more than a year ago to $602,751
  • Number of Sales YTD – down 12.5% from this time last year
  • Number of Active Listings – up 7.6% from last August at 169 listings
  • Number of Active Listings – equal to last month
  • Months of Inventory – balanced at 3.8 MOI

 

The Austin Westlake Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – steady from a year ago at $1,001,453
  • Number of Sales YTD – off 7.7% compared to last August
  • Number of Active Listings – up 10.9% from last month at 152 listings
  • Number of Active Listings – down 8.4% compared to last August
  • Months of Inventory – slightly favoring sellers at 4.4 MOI

 

The Southwest Austin Real Estate Market:

  • Average sold price – up 9% from a year ago to $293,256
  • Number of Sales YTD – off 7.7% compared to this time last year
  • Number of Active Listings – up 9.6% from last month to 228 listings
  • Number of Active Listings – up 12.8% from a year ago
  • Months of Inventory – a seller’s market at 2.2 MOI

 

Lake (South shore) Real Estate Market:

  • Average sold price – up 8.4% from a year ago to $516,811
  • Number of Sales YTD – up 5.3% compared to this time last year
  • Number of Active Listings – equal to last month at 604 listings
  • Number of Active Listings – 11.2% greater than last July
  • Months of Inventory – rising to 6.4 MOI, an oversupply

 

Austin Real Estate Market Statistics – July 2014 YTD

The Overall Austin Market:

Sales of existing homes in the Austin area are running 1% ahead of last year at this time. The average sold price of $309,965 is 6% over last year. The number of active listings dropped to 5545 listings which is equal to this time last year. Although still favoring Sellers, the months of inventory has risen from 2.9 to 3.1 since last month. With inventory levels increasing in some areas and dropping in others it is important to consider each area below independently.
Monthly Austin Real Estate Market Report; by Kirby Parsons
Thirty-year mortgage rates have remained low in the 4% to 4.25% range. Buyers are able to use this lower rate to achieve lower payments for whichever home they buy. Austin is leading the Nation in low rates of unemployment and coupled with Texas’ low state and local taxes our area continues to attract families. We are seeing resale homes increase in value at a 7% annual rate, although this varies within areas. Austin area builders are seeing continued high demand and have been raising prices accordingly – this will result in an increased appeal of resale homes as buyers find better values there.

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 10.2% from a year ago to $283,458
  • Number of Sales YTD – 9% greater than this time last year
  • Number of Active Listings – Up 11% from last July to 410 listings
  • Months of Inventory – trending toward a seller’s market at 3.5 MOI

 

The Round Rock Real Estate Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 7.6% from last July to $261,049
  • Number of Sales YTD – off 5% compared to this time last year
  • Number of Active Listings – 3.5% less than a year ago to 403 listings
  • Number of Active Listings – up 6% from last month
  • Months of Inventory – favoring sellers at 2.3 MOI

 

The Pflugerville Real Estate Market:

  • Average sold price – up 11% from a year ago to $198,754
  • Number of Sales YTD – down 1% compared to this time last year
  • Number of Active Listings – down 1% from last July at 203 listings
  • Months of Inventory – there is 2.4 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 11% to $255,505
  • Number of Sales YTD – off 6% from this time last year
  • Number of Active Listings – up 20% from last year at 422 listings
  • Number of Active Listings – up 5% from last month
  • Months of Inventory – favoring sellers at 2.4 MOI

 

The North Central Austin Real Estate Market:

  • Average sold price – 13% more than a year ago at $352,201
  • Number of Sales YTD – down 10% from this time last year
  • Number of Active Listings – up 13% from a year ago at 34 listings
  • Months of Inventory – a seller’s market at 1.2 months of inventory

 

The North & Northwest Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 13.7% from a year ago to $400,651
  • Number of Sales YTD – down 15% from this time last year
  • Number of Active Listings – equal to last year at 143 listings
  • Number of Active Listings – up 12.6% from last month
  • Months of Inventory – a seller’s market at 1.9 months of inventory

 

The River North (FM 2222) Market:

  • Average sold price – 4.7% more than a year ago to $614,470
  • Number of Sales YTD – down 10% from this time last year
  • Number of Active Listings – up 8% from last July at 169 listings
  • Number of Active Listings – up 3% from last month
  • Months of Inventory – balanced at 3.6 MOI

 

The Austin Westlake Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – steady from a year ago at $1,001,447
  • Number of Sales YTD – off 6.5% compared to last July
  • Number of Active Listings – up 24% from last month at 137 listings
  • Number of Active Listings – down 17% compared to last July
  • Months of Inventory – slightly favoring sellers at 4.2 MOI

 

The Southwest Austin Real Estate Market:

  • Average sold price – up 9% from a year ago to $292,476
  • Number of Sales YTD – off 5.5% compared to this time last year
  • Number of Active Listings – even with last month at 208 listings
  • Number of Active Listings – down 9% from a year ago
  • Months of Inventory – a seller’s market at 1.8 MOI

 

Lake (South shore) Real Estate Market:

  • Average sold price – up 8% from a year ago to $504,509
  • Number of Sales YTD – up 2.5% compared to this time last year
  • Number of Active Listings – up 1% from last month at 602 listings
  • Number of Active Listings – 11.5% greater than last July
  • Months of Inventory – rising to 6.2 MOI, an oversupply

 

Visit my homepage to search for homes and learn more about buying and selling real estate in the Austin Texas area.

Austin Real Estate Market Statistics – June 2014 YTD

The Overall Austin Market:

Sales of existing homes in the Austin area are running 3% ahead of last year at this time. The average sold price of $308,298 is 6% over last year. The number of active listings dropped to 5327 listings which is down 2% from last year. Although still favoring Sellers, the months of inventory has risen from 2.6 to 2.9 since last month. This is due to increased inventory levels, which Buyers have been wanting in this very competitive market. Monthly Austin Real Estate Market Report; by Kirby Parsons

 

Thirty-year mortgage rates have surprisingly stayed in the 4.25% to 4.5% range. This is a factor which is helping Buyers attain a lower payment for whichever home they buy. Austin is continuing to be a magnet for relocating families, with quality of life and low unemployment as the leading reasons for its popularity. We are seeing resale homes increase in value at about a 9% annual rate, although this varies within areas. In new homes, builders are experiencing continued high demand, with waiting lists forming for the next section of homes to be started.

 

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 9% from a year ago to $279,091
  • Number of Sales YTD – 11% greater than this time last year
  • Number of Active Listings – Up 6% from last June to 392 listings
  • Months of Inventory – trending toward a seller’s market at 3.4 MOI

The Round Rock Real Estate Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 6.9% from last June to $258,761
  • Number of Sales YTD – off 3.2% compared to this time last year
  • Number of Active Listings – 6% less than a year ago to 379 listings
  • Number of Active Listings – up 7% from last month
  • Months of Inventory – favoring sellers at 2.1 MOI

The Pflugerville Real Estate Market:

  • Average sold price – up 11% from a year ago to $196,153
  • Number of Sales YTD – up 3% compared to this time last year
  • Number of Active Listings – down 3.6% from last June at 188 listings
  • Months of Inventory – there is 2.1 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 10.6% to $252,347
  • Number of Sales YTD – off 3.8% from this time last year
  • Number of Active Listings – up 19% from last year at 401 listings
  • Number of Active Listings – up 6% from last month
  • Months of Inventory – favoring sellers at 2.3 MOI

The North Central Austin Real Estate Market:

  • Average sold price – 15% more than a year ago at $353,370
  • Number of Sales YTD – down 7.9% from this time last year
  • Number of Active Listings – up 7% from a year ago at 30 listings
  • Months of Inventory – a seller’s market at 1.3 months of inventory

The North & Northwest Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 13% from a year ago to $399,754
  • Number of Sales YTD – down 15.8% from this time last year
  • Number of Active Listings – off 5.3% from last year at 127 listings
  • Number of Active Listings – up 4.5% from last month
  • Months of Inventory – a seller’s market at 1.7 months of inventory

The River North (FM 2222) Market:

  • Average sold price – 6% more than a year ago to $620,459
  • Number of Sales YTD – down 5.6% from this time last year
  • Number of Active Listings – up 6.5% from last June at 165 listings
  • Number of Active Listings – up 3% from last month
  • Months of Inventory – balanced at 3.8 MOI

The Austin Westlake Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 6% from a year ago to $1,029,070
  • Number of Sales YTD – off 6% compared to last June
  • Number of Active Listings – up 5% from last month at 110 listings
  • Number of Active Listings – down 20% compared to last June
  • Months of Inventory – slightly favoring sellers at 3.9 MOI

The Southwest Austin Real Estate Market:

  • Average sold price – up 8.2% from a year ago to $289,365
  • Number of Sales YTD – off 6% compared to this time last year
  • Number of Active Listings – up 10% from last month to 209 listings
  • Number of Active Listings – up 18% from a year ago
  • Months of Inventory – a seller’s market at 1.5 MOI

Lake (South shore) Real Estate Market:

  • Average sold price – up 7.2% from a year ago to $497,980
  • Number of Sales YTD – up 3% compared to this time last year
  • Number of Active Listings – up 9% from last month at 593 listings
  • Number of Active Listings – 10.8% greater than last June
  • Months of Inventory – rising to 6.4 MOI, an oversupply

 

Visit my homepage at www.maryb.com to search for homes and learn about buying and selling real estate in Austin.

Austin Real Estate Market Report – April 2014

The Overall Austin Market:

Sales of existing homes in the Austin area are running 2% ahead of last year at this time. The average sold price of $295,264 is 4% over last year. The number of active listings dropped to 4896 listings which is down 6% from last year. Although still favoring Sellers, the months of inventory has risen from 2.3 to 2.6 since last month. This is due to rising Summer inventory which will please Buyers in this very competitive market. The time is right for a Seller.
Monthly Austin Real Estate Market Report; by Kirby Parsons
Thirty-year mortgage rates in Austin have surprisingly dropped close to the 4% to 4.25% range. This is a window of opportunity for buyers, as rates are projected to increase going into summer now that the Fed has announced a ‘tapering’ of mortgage support. Austin is topping most charts and new companies are announcing moves to Austin. With the X-Games, we just received more favorable national publicity. While we are seeing prices of resale homes increase, it is not dramatic; although prices of new homes are trending upward at a higher rate and builder incentives are becoming uncommon in response to increased demand.

 

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 10.6% from a year ago to $274,690
  • Number of Sales YTD – 11% greater than this time last year
  • Number of Active Listings – down 1% from last April to 359 listings
  • Months of Inventory – trending toward a seller’s market at 2.9 MOI

 

The Round Rock Real Estate Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 7.3% from last April to $252,747
  • Number of Sales YTD – off 2.7% compared to this time last year
  • Number of Active Listings – 14% less than a year ago to 329 listings
  • Number of Active Listings – up 4% from last month
  • Months of Inventory – favoring sellers at 1.6 MOI

 

The Pflugerville Real Estate Market:

  • Average sold price – up 13.5% from a year ago to $193,321
  • Number of Sales YTD – up 7% compared to this time last year
  • Number of Active Listings – down 15% from last April at 153 listings
  • Months of Inventory – there is 1.4 MOI, favoring sellers

 

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 9.5% to $245,869
  • Number of Sales YTD – off 7.6% from this time last year
  • Number of Active Listings – up 5.6% from last month at 358 listings
  • Number of Active Listings – up 14% from a year ago
  • Months of Inventory – favoring sellers at 1.9 MOI

 

The North Central Austin Real Estate Market:

  • Average sold price – 14.5% more than a year ago at $342,515
  • Number of Sales YTD – up 4% from this time last year
  • Number of Active Listings – 7% less than a year ago at 25 listings
  • Months of Inventory – a seller’s market at 3 weeks of inventory

 

The North & Northwest Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 15.5% from a year ago to $387,746
  • Number of Sales YTD – down 13% from this time last year
  • Number of Active Listings – up 9% from last month at 97 listings
  • Number of Active Listings – down 17% from a year ago
  • Months of Inventory – a seller’s market at 1.2 months of inventory

 

The River North (FM 2222) Market:

  • Average sold price – 8.6% more than a year ago to $617,680
  • Number of Sales YTD – down 9% from this time last year
  • Number of Active Listings – up 4.8% from last month at 154 listings
  • Number of Active Listings – up 6% from last April
  • Months of Inventory – balanced at 3.6 MOI

 

The Austin Westlake Market:Monthly Austin Real Estate Market Report; by Kirby Parsons

  • Average sold price – up 3.8% from a year ago to $1,027,053
  • Number of Sales YTD – off 12% compared to last April
  • Number of Active Listings – off 4% from last month at 110 listings
  • Number of Active Listings – down 26% compared to last April
  • Months of Inventory – slightly favoring sellers at 3.3 MOI

 

The Southwest Austin Real Estate Market:

  • Average sold price – up 6% from a year ago to $279,354
  • Number of Sales YTD – off 6.5% compared to this time last year
  • Number of Active Listings – down 4% from last month to 150 listings
  • Number of Active Listings – down 5.6% from a year ago
  • Months of Inventory – a seller’s market at 1.2 MOI

 

Lake (South shore) Real Estate Market:

  • Average sold price – up 5.6 % from a year ago to $476,229
  • Number of Sales YTD – down 9% compared to this time last year
  • Number of Active Listings – down 3% from last month at 554 listings
  • Number of Active Listings – 11% greater than last April
  • Months of Inventory – rising to 6.5 MOI, an oversupply

 

Austin Real Estate Market Statistics – March 2014

The Overall Austin Market:
Sales of existing homes in the Austin area are running 4% ahead of last year at this time. The average sold price of $289,123 is 11% over last year. The number of active listings dropped to 4760 listings which is down 7% from last year. There are 2.3 Months of Inventory, which favors Sellers. We are beginning to see more new inventory come on the market recently which will please Buyers – even in this very competitive market. Sellers, take note.

 

Monthly Austin Real Estate Market Report; by Kirby Parsons

Thirty-year mortgage rates are still surprisingly steady in the 4.5% range. This is a window of opportunity for buyers, as rates are projected to increase going into summer now that the Fed has announced a ‘tapering’ of mortgage support. Austin is topping most economic charts and continues to be among the top destination cities in the Nation. We are seeing prices of resale homes increase, but not dramatically. Prices of new homes are trending upward at a higher rate and builder incentives are becoming uncommon in response to increased demand.

 

Months of Inventory (MOI) is a popular market indicator. This figure is the result of dividing the number of active listings in an area by the average number of sales per month over the last year. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:
Average sold price – up 12% from a year ago to $276,680
Number of Sales YTD – 15% greater than this time last year
Number of Active Listings – down 3% from last March to 350 listings
Months of Inventory – trending toward a seller’s market at 2.8 MOI

 

The Round Rock Real Estate Market:Monthly Austin Real Estate Market Report; by Kirby Parsons
Average sold price – up 4% from last March to $245,160
Number of Sales YTD – off 4% compared to this time last year
Number of Active Listings – 17% less than a year ago to 315 listings
Number of Active Listings – down 10% from last month
Months of Inventory – favoring sellers at 1.4 MOI

 

The Pflugerville Real Estate Market:
Average sold price – up 12% from a year ago to $189,977
Number of Sales YTD – up 4.6% compared to this time last year
Number of Active Listings – down 19% from last March at 148 listings
Months of Inventory – there is 1.1 MOI, favoring sellers

 

The Cedar Park & Leander Real Estate Market:
Average sold price – up 12% to $245,459
Number of Sales YTD – off 3.7% from this time last year
Number of Active Listings – up 13% from last month at 339 listings
Number of Active Listings – up 8.6% from a year ago
Months of Inventory – favoring sellers at 1.6 MOI

 

The North Central Austin Real Estate Market:
Average sold price – 18% more than a year ago at $334,521
Number of Sales YTD – up 14% from this time last year
Number of Active Listings – 26% less than a year ago at 25 listings
Months of Inventory – a seller’s market at 2.5 weeks of inventory

 

The North & Northwest Market:Monthly Austin Real Estate Market Report; by Kirby Parsons
Average sold price – up 18.6% from a year ago to $380,027
Number of Sales YTD – down 13% from this time last year
Number of Active Listings – off 6.5% from last month at 89 listings
Number of Active Listings – down 22.6% from a year ago
Months of Inventory – a seller’s market at 3 weeks of inventory

 

The River North (FM 2222) Market:
Average sold price – 13% more than a year ago to $657,000
Number of Sales YTD – up 8% from this time last year
Number of Active Listings – down 1% from last month at 147 listings
Number of Active Listings – down 9% from last March
Months of Inventory – balanced at 3.5 MOI

 

The Austin Westlake Market:Monthly Austin Real Estate Market Report; by Kirby Parsons
Average sold price – up 3.7% from a year ago to $937,098
Number of Sales YTD – off 8% compared to last March
Number of Active Listings – off 4% from last month at 155 listings
Number of Active Listings – down 26% compared to last March
Months of Inventory – slightly favoring sellers at 2.9 MOI

 

The Southwest Austin Real Estate Market:
Average sold price – up 7.8% from a year ago to $277,384
Number of Sales YTD – off 5% compared to this time last year
Number of Active Listings – down 8% from last month to 144 listings
Number of Active Listings – down 5.9% from a year ago
Months of Inventory – a seller’s market at 1MOI

 

Lake (South shore) Real Estate Market:
Average sold price – up 7.6 % from a year ago to $461,592
Number of Sales YTD – down 4% compared to this time last year
Number of Active Listings – down 2% from last month at 547 listings
Number of Active Listings – 11% greater than last March
Months of Inventory – rising to 6 MOI, an oversupply

 

Thanks for stopping by!  To search Austin homes for sale or to learn more about Austin real estate visit the main website at www.maryb.com.

Mary Battaglia, CRS, GRI

Austin Texas Real Estate Market Statistics – November 2013

The Overall Austin Market:

Sales of existing homes in the Austin area are running 19% ahead of last year at this time. The average sold price is maintaining an 8% increase over last year up to $290,389. Monthly Austin Real Estate Market Report; by Kirby Parsons The number of active listings continues to drop; we now have 5578 listings which is down 20% from last year at this time. There are 2.3 Months of Inventory, which favors Sellers. The market in the Winter has not seen the steep decline in active listings, as Buyers are still quite active – and Sellers are seizing the opportunity by joining the market.

Thirty-year mortgage rates are steadily creeping upward just above 4.5%. While a full 1% higher than rates early in the year, rates are projected to climb still higher during the first quarter. The Austin area continues to receive national recognition in multiple categories; a recent popular T-shirt proclaims “I’m NOT moving to Austin!!” – so the future looks brighter than ever. Demand for new homes are driving prices up and Sellers of existing homes are benefitting, as resale home prices are more appealing.

You hear a lot about Months of Inventory (MOI). By taking the number of active listings in an area and dividing it by the average number of sales per month over the last year, the result is called the MOI. In a balanced market, the MOI is 3½ to 4 months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 12% from a year ago to $256,200
  • Number of Sales YTD – 22% greater than this time last year
  • Number of Active Listings – down 26% from last November to 383 listings
  • Months of Inventory – trending toward a seller’s market at 2.8 MOI

The Round Rock Real Estate Market:

Monthly Austin Real Estate Market Report; by Kirby Parsons

      • Average sold price – up 8.2% from last November to $243,037
      • Number of Sales YTD – up 21% compared to this time last year
      • Number of Active Listings – 27% less than a year ago to 423 listings
      • Number of Active Listings – down 1% from last month
      • Months of Inventory – favoring sellers at 1.4 MOI

The Pflugerville Real Estate Market:

      • Average sold price – up 12% from a year ago to $181,485
      • Number of Sales YTD – up 27% compared to this time last year
      • Number of Active Listings – down 26% from last November at 220 listings
      • Months of Inventory – there is 1.5 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

      • Average sold price – up 11% to $231,830
      • Number of Sales YTD – up 30% from this time last year
      • Number of Active Listings – down 1% from last month at 367 listings
      • Number of Active Listings – down 28% from a year ago
      • Months of Inventory – favoring sellers at 1.5 MOI

The North Central Austin Real Estate Market:

      • Average sold price – 16% more than a year ago at $314,854
      • Number of Sales YTD – down 1% from this time last year
      • Number of Active Listings – 38% less than a year ago at 34 listings
      • Months of Inventory – a seller’s market at 0.98 MOI

The North & Northwest Market:

Monthly Austin Real Estate Market Report; by Kirby Parsons

      • Average sold price – up 9% from a year ago to $352,923
      • Number of Sales YTD – up 6% from this time last year
      • Number of Active Listings – off 4% from last month at 141 listings
      • Number of Active Listings – down 39% from a year ago
      • Months of Inventory – a seller’s market at 0.89 months

The River North (FM 2222) Market:

      • Average sold price – 9% more than a year ago to $578,644
      • Number of Sales YTD – up 8% from this time last year
      • Number of Active Listings – down 2% from last month at 150 listings
      • Number of Active Listings – down 27% from last November
      • Months of Inventory – down to 2.2 MOI; favoring Sellers

The Austin Westlake Market:

Monthly Austin Real Estate Market Report; by Kirby Parsons

      • Average sold price – up 16% from a year ago to $989,245
      • Number of Sales YTD – up 10% compared to last November
      • Number of Active Listings – off 2% from last month at 161 listings
      • Number of Active Listings – down 21% compared to last November
      • Months of Inventory – favoring sellers at 2.4 MOI

The Southwest Austin Real Estate Market:

      • Average sold price – up 11% from a year ago to $267,386
      • Number of Sales YTD – up 11% compared to this time last year
      • Number of Active Listings – steady from last month to 211 listings
      • Number of Active Listings – down 32% from a year ago
      • Months of Inventory – a seller’s market at 1.0 MOI

Lake (South shore) Real Estate Market:

      • Average sold price – up 2% from a year ago to $471,418
      • Number of Sales YTD – up 16% compared to this time last year
      • Number of Active Listings – down 1% from last month at 539 listings
      • Number of Active Listings – 4% less than last November
      • Months of Inventory – down slightly to 4.9 MOI, an oversupply

 

Thanks for stopping by!  These Austin real estate market statistics were compiled from Austin MLS data by Mary Battaglia, an Austin Texas real estate agent with Coldwell Banker United.  Feel free to comment and/or visit her website where you can find:

Austin Texas Real Estate Market Report – September 2013

The Overall Austin Market:

Sales of existing homes in the Austin area are running 22% ahead of last year at this time.
The average sold price is up 8% to $291,277.  The number of active listings continues to lag; currently we have 5633 listings which is down 22% compared to a year ago.  Months of inventory is currently Downtown Austin at 2.8 months, favoring Sellers slightly.  This is quite an opportunity for Sellers, while the number of competing properties is low.

After moving to 4.8%, 30-year mortgage rates in Austin have settled between 4% and 4.25% today.  This is still near historical lows and wonderful for buyers.  A local economist last week said that he felt rates would be between 5 and 6% by year-end.  With the Federal Reserve looking to tighten economic spending, buyers are encouraged to lock in their mortgage rates as a hedge against further increases.  On the new home front, the demand is far exceeding supply; builders are reducing concessions and increasing prices to reflect the increased demand; making resale homes more appealing.

Months of Inventory (MOI) is a term that is often mentioned.  You arrive at it by taking the number of active listings in an area and dividing it by the average # of sales per month over the previous 12 months; the result is the MOI for that area.   In a balanced market, the MOI is 3½ to 4½ months.

 

The Georgetown Real Estate Market:

  • Average sold price – up 11% from a year ago to $255,946
  • Number of Sales YTD – 23% greater than this time last year
  • Number of Active Listings – down 31% from last September to 375 listings
  • Months of Inventory – a balanced market at 3.2 MOI

The Round Rock Real Estate Market:

  • Average sold price – up 7.3% from last September to $241,476
  • Number of Sales YTD – up 23% compared to this time last year
  • Number of Active Listings – 45% less than a year ago to 432 listings
  • Number of Active Listings – up 3% from last month
  • Months of Inventory – favoring sellers at 1.8 MOI

The Pflugerville Real Estate Market:

  • Average sold price – up 12% from a year ago to $180,881
  • Number of Sales YTD – up 31% compared to this time last year
  • Number of Active Listings – down 28% from last September at 221 listings
  • Months of Inventory – there is 2.2 MOI, favoring sellers

 The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 10% to $231,652
  • Number of Sales YTD – up 35% from this time last year
  • Number of Active Listings – up 5% from last month at 369 listings
  • Number of Active Listings – down 29% from a year ago
  • Months of Inventory – steady at 2.1 months, favoring sellers

The North Central Austin Real Estate Market:

  • Average sold price – 14% more than a year ago at $310,894
  • Number of Sales YTD – up 3% from this time last year
  • Number of Active Listings – 43% less than a year ago at 30 listings
  • Months of Inventory – a seller’s market at 1.3 MOI

The North & Northwest Austin Real Estate Market:

  • Average sold price – up 9.5% from a year ago to $353,343
  • Number of Sales YTD – up 11% from this time last year
  • Number of Active Listings – up 24% from last month at 149 listings
  • Number of Active Listings – down 39% from a year ago
  • Months of Inventory – a seller’s market at 1.3 months

The River North (FM 2222) Market: 

  • Average sold price – 12% more than a year ago to $584,205
  • Number of Sales YTD – up 16% compared to this time last year
  • Number of Active Listings – steady from last month at 155 listings
  • Months of Inventory – up slightly to 2.9 MOI; favoring Sellers

The Austin Westlake Real Estate Market:

  • Average sold price – up 17.5% from a year ago to $980,226
  • Number of Sales YTD – up 19% compared to last September
  • Number of Active Listings – steady from last month at 166 listings
  • Number of Active Listings – down 22% compared to last September
  • Months of Inventory – slightly favoring sellers at 3.3 MOI

The Southwest Austin Real Estate Market:

  • Average sold price – up 11% from a year ago to $268,910
  • Number of Sales YTD – up 12% compared to this time last year
  • Number of Active Listings – up 9% from last month to 208 listings
  • Number of Active Listings – down 36% from a year ago
  • Months of Inventory – a market favoring sellers at 1.3 MOI

Lake (South shore) Real Estate Market:

  • Average sold price – up 5% from a year ago to $471,448
  • Number of Sales YTD – up 19% compared to this time last year
  • Number of Active Listings – up 1% from last month at 544 listings
  • Months of Inventory – down slightly to 5.9 MOI, an oversupply

Thanks for stopping by!  These Austin real estate market statistics were compiled from Austin MLS data by Mary Battaglia, an Austin real estate agent with Coldwell Banker United.  Feel free to comment and/or visit her website.

Austin Texas Real Estate Market Report – July 2013

The Overall Austin Market:

Sales of existing homes in the Austin area are running 21% ahead of last year at this time, and we are 35% ahead of last July.  The average sold price is up 9% to $292,758.  The number of active listings continues to lag; currently we have 6104 listings, still down 20% compared to a year ago.  Months of Inventory is at 3 months, favoring Sellers slightly.  This is quite an opportunity for Sellers, while the number of competing properties is low.

Although still at historical lows, 30-year mortgage rates are moving between 4.5% and 5%.  The Federal Reserve meeting in mid-September will play a large role in what rates do in the near-term. The main questions today are will rates fall below 4.5% or rise, and by how much? Downtown Austin  Buyers are encouraged to lock in their mortgage rates as a hedge against further increases.  With the demand for new homes far exceeding supply, builders are reducing concessions, and increasing prices to reflect the increased demand; making resale homes more appealing.

If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI).  In a balanced market, the MOI is between 3.5 and 4.5 months. This figure is noted in each submarket below.

The Georgetown Real Estate Market:

  • Average sold price – up 11% from a year ago to $257,749
  • Number of Sales YTD – 23% greater than this time last year
  • Number of Active Listings – down 34% from last July to 369 listings
  • Months of Inventory – a balanced market at 3.4 MOI

The Round Rock Real Estate Market:

  • Average sold price – up 8.7% from last July to $242,409
  • Number of Sales YTD – up 27% compared to this time last year
  • Number of Active Listings – 32% less than a year ago to 418 listings
  • Number of Active Listings – up 3.6% from last month
  • Months of Inventory – favoring sellers at 2.3 MOI

The Pflugerville Real Estate Market:

  • Average sold price – up 12% from a year ago to $178,655
  • Number of Sales YTD – up 26% compared to this time last year
  • Number of Active Listings – down 33% from last July at 156 listings
  • Months of Inventory – there is 2.5 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

  • Average sold price – up 10% to $230,188
  • Number of Sales YTD – up 36% from this time last year
  • Number of Active Listings – up 4% from last month at 351 listings
  • Number of Active Listings – down 33% from a year ago
  • Months of Inventory – steady at 2.2 months, favoring sellers

The North Central Austin Real Estate Market:

  • Average sold price – 15% more than a year ago at $311,862
  • Number of Sales YTD – up 2% from this time last year
  • Number of Active Listings – 47% less than a year ago at 30 listings
  • Months of Inventory – a seller’s market at 1.1 MOI

The North & Northwest  Austin Real Estate Market:

  • Average sold price – up 9% from a year ago to $352,355
  • Number of Sales YTD – up 6% from this time last year
  • Number of Active Listings – off 12% from last month at 120 listings
  • Number of Active Listings – down 38% from a year ago
  • Months of Inventory – a seller’s market at 1.5 months

The River North (FM 2222) Real Estate Market: 

  • Average sold price – 14% more than a year ago to $587,945
  • Number of Sales YTD – up 15% compared to this time last year
  • Number of Active Listings – steady from last month at 156 listings
  • Months of Inventory – up slightly to 3.3 MOI; favoring Sellers

The Austin Westlake Resl Estate Market:

  • Average sold price – up 23% from a year ago to $996,594
  • Number of Sales YTD – up 17% compared to last July
  • Number of Active Listings – steady from last month at 165 listings
  • Number of Active Listings – down 23% compared to last July
  • Months of Inventory – slightly favoring sellers at 4 MOI

The Southwest Austin Real Estate Market:

  • Average sold price – up 12% from a year ago to $268,468
  • Number of Sales YTD – up 11.6% compared to this time last year
  • Number of Active Listings – up 7% from last month to 190 listings
  • Number of Active Listings – down 42% from a year ago
  • Months of Inventory – a market favoring sellers at 1.5 MOI

Lakeway Area (South shore) Real Estate Market:

  • Average sold price – up 7% from a year ago to $467,037
  • Number of Sales YTD – up 21% compared to this time last year
  • Number of Active Listings – up 1% from last month at 540 listings
  • Months of Inventory – down slightly to 6.6 MOI, an oversupply

Thanks for stopping by!  These Austin real estate market statistics were compiled from Austin MLS data by Mary Battaglia, an Austin real estate agent with Coldwell Banker United.  Feel free to comment and/or visit her  website.