Austin Home Sales Head Into Holiday Season At Rapid Clip

Austin Home Sales Head Into Holiday Season At Rapid Clip

Austin home sales head into holiday season at rapid clip

written by: Jan BuchholzSenior Staff WriterAustin Business Journal


Austin home prices continue to creep upwards and demand remains strong heading into the normally slow holiday season.

The Austin Board of Realtors on Wednesday released its monthly sales report for October, noting that the median home price of $252,790 is 5 percent more than the same month a year ago. The number of homes sold in October was 2,378, 2 percent more than a year ago.

Austin home sales continue strong heading into the holidays.Enlarge

Austin home sales continue strong heading into the holidays.

RYAN MCVAY

"We're on pace for another record year and while home sales typically slow each fall, housing demand has remained strong far past the typical peak selling season," said Barb Cooper, 2015 president of ABOR.

  • $333,452 average single family home price, 7 percent more than a year ago

  • 50 days on average for a home to sell, one day less than a year ago

  • 2,847 new single family home listings, unchanged

  • 6,342 active listings, 3 percent more than a year ago

  • 2,339 pending sales, 4 percent more than a year ago

• 2.6 months of inventory, unchanged

• $792,948,856 total volume, 10 percent more than year ago

• 230 sales of townhouses and condominiums, 15 percent less than a year ago

•$234,680 median price of townhouses and condos, 4 percent more than a year ago.


See original article at: http://www.bizjournals.com/austin/blog/real-estate/2015/11/austin-home-sales-head-into-holiday-season-at.html?iana=ind_rre


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Phone: 541-419-7703
Dated: November 22nd 2015
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About Tricia: My name is Tricia Shirk, I am originally from Oregon and now an Austinite since 2014. I love explor...

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