Austin Real Estate Market Update Central Texas Housing Market Closes 2017 With Record Breaking Sales

Dated: 01/22/2018

Views: 336

Picture

Well, December home sale statistics from the Austin Board of Realtors were just released, and sales are steady!  In the Austin-Round Rock MSA, single-family home sales increased 13% to 2,653 home sales in December 2017, while median price rose 7% to $310,000 over the same time frame.

Within the city limits of Austin, there were 802 home sales last month with a median home price of $359,150. Within the City of Austin, the Average Days on Market or ADOM went up slightly to 54 days which is not unusual as the market tends to slow slightly around the holidays.  Compared to City of Austin home sales in December of 2016, the total dollar volume of residential home sales in December increased 15% to $352 million. 

There are just under one million residents in the City of Austin, while more than two million people reside in the greater Austin area.  In fact, the Austin-Round Rock MSA is the 31st largest metropolitan area in the United States.  In the Austin- Round Rock MSA there were 2,653 home sales in December of 2017 bringing the annual home sales total for the MSA to 30,059 sales, an all-time high. 

If you’re interested in learning more about what’s happening in your specific neighborhood, contact me.  I can provide you with a custom Austin real estate market update for your specific area. 


This post originally appeared on shesellsaustin.com

Blog author image

Erika Albert

Erika Rae Albert is an Austin native who has built her business around one guiding principle, YOU always come first. Prior to joining the real estate industry, she honed her her customer service s....

Latest Blog Posts

Never skip a home inspection

Why You Should Never Skip the Home InspectionBuying a home can be expensive. It might feel like once you’ve entered escrow, you have new things to pay for at every turn. While the fees are

Read More

WHAT YOU NEED TO KNOW BEFORE LISTING YOUR AUSTIN CONDO FOR SALE

In many ways, listing a condo for sale is similar to listing a house for sale.  You must determine an appropriate asking price, prepare the home to go on the market, and then advertise the home

Read More

Take Note! This Is the One Thing You Must Master When House Hunting

By Jamie Wiebe | Sep 27, 2018Leonardo Patrizi/iStockAverage home buyers look at 10 houses before they find The One. And unless you've lucked out with a photographic memory,

Read More

Top 5 Reasons to Buy a Builder's Inventory Home

Top 5 Reasons to Buy a Builder’s Inventory Home…and Use a Licensed Real Estate Agent to Get the Deal DoneWhat’s better than the new car smell? The new home smell! But there are

Read More