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2015-03-21 05:05:23
February 2015 Home Sales Statistics

Austin Area Single-family Home Sales Statistics for February 2015:

 

Austin-area single-family home prices hit an all time high for the month of February according to data released by the Austin Board of REALTORS® with the median home sales price up 8% from February 2014. 1,775 single-family homes were sold in the Austin area in February 2015, a year-over-year increase of five percent and the highest number of homes sold for the month of February. There is concern with home price affordability as over 69% of the homes sold in February 2015 were over $200,000 which is outside the affordable price range for many Austin homebuyers. Nearly half of the homes sold in February were outside of Austin's city limits as Austin proper continues to not be affordable for most buyers. This growing urban sprawl has put strain on Austin's infrastructure and a demand for long-term, sustainable solutions.  The months of inventory still remains low at 2.2 months indicating a seller's market as 6.5 months is a balanced market. 

 

February 2015 Statistics:

  • 1,775 – Single-family homes sold, five percent more than February 2014.
  • $248,640 – Median price for single-family homes, eight percent more than February 2014.
  • $307,928 – Average price for single-family homes, five percent more than February 2014.
  • 58 – Average number of days single-family homes spent on the market, three days more than February 2014.
  • 2,619 – New single-family home listings on the market, three percent more than February 2014.
  • 5,142 – Active single-family home listings on the market, nine percent more than February 2014.
  • 2,278 – Pending sales for single-family homes, eight percent more than February 2014.
  • 2.2 – Months of inventory* of single-family homes, 0.2 months more than February 2014.
  • $546,572,200 – Total dollar volume of single-family properties sold, 10 percent more than February 2014.

 
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