Austin Real Estate January 2015 shows 11% increase since January 2014
Austin Real Estate Market update for February 2015 shows an eleven percent increase with 1,547 single-family homes sold in the Austin area in January 2015 compared to January 2014.
Median home prices for January 2015 listings increased 13 percent year-over-year to $240,000 and the average price jumped 14 percent to $310,187 during the same time frame.
Monthly inventory shows 2.2 months for January 2015, which makes 0.2 months higher than January 2015, According to the Real Estate Center of Texas A& M University its 6.5 months inventory proving to be a balanced market.
Listing Inventory for January 2015 rose nine percent year over year with 5,005; allowing one percent increase showing 2,360 listings from January 2014 with an overall 63 days on the market.
January 2015 Statistics
1,547 – Single-family homes sold, 11 percent more than January 2014.
$240,000 – Median price for single-family homes, 13 percent more than January 2014.
$310,187 – Average price for single-family homes, 14 percent more than January 2014.
63 – Average number of days single-family homes spent on the market, unchanged from January 2014.
2,360 – New single-family home listings on the market, one percent more than January 2014.
5,005 – Active single-family home listings on the market, nine percent more than January 2014.
2,026 – Pending sales for single-family homes, four percent more than January 2014.
2.2 – Months of inventory* of single-family homes, 0.2 months more than January 2014.
$479,859,289 – Total dollar volume of single-family properties sold, 27 percent more than January 2014.
Buyer's reading might think wow with it being a sellers market why would I want to buy now. The answer is with low interest rates now is the time to buy and take advantage of the ever growing Austin-are real estate market.
Sellers lets get your home listed and sold, call me today to get your home value and tips how you can get your home ready for out HOT Austin market.
Bob Ratliff, REALTOR® Broker Associate serving the Greater Austin Metro area's over fourteen years. (512) 587-5689
information gathered through the Austin Board Of REALTOR'S® multiple listing service, information deemed reliable, all rights reserved by Bob Ratliff and RE/MAX Capital City.