April 2017 Austin Market Report

Posted on Tuesday, May 16th, 2017 at 3:45pm.

April 2017 Austin Market Report

After a slow start to the year, the Austin real estate market seems to be heating up! According to the latest report from the Austin Board of REALTORS®, Austin home sales increased 3% since last April with a total of 2,640 homes sold. New, active, and pending sales also increased by 6%, 17%, and 6%, respectively. The median home price in the Austin area rose for the fourth month in a row to $305,000. Homes in Austin stayed on the market for an average of 49 days in April and yielded a 6% increase in total dollar sales volume for the month. These numbers show lots of activity happening on the Austin market as we gear up for another hot summer selling season. Check out the latest stats from the Austin Board of REALTORS® for April:

April 2017 Austin Area Market Statistics

  • 3% increase in total single-family homes sold since April 2016 at 2,640 homes
  • Median sales price of a home was $305,000 last month, which is 6% more than April 2016
  • Total dollar sales volume for single-family homes increased 11% in April 2017 to $986 million
  • 0.3 month increase in months of inventory available last April at 2.6 months
  • No change in the average days on the market with 49 days in April 2017
  • 6% increase in new listings for April 2017 at 3,977 listings
  • 17% increase in active listings since April 2016 with 6,474 listings in April 2017
  • 3,107 pending sales in April 2017, or 6% more than April 2016

Summer is quickly approaching for Austin residents and that means buyers and sellers across the area are preparing to make a move to a new home. Austin is experiencing growth across the region, but the available inventory for homes remains tight. It’s important for buyers to move quickly and make an offer on their dream home before it disappears from the market. Buyers, our expert agents understand Austin’s competitive market and can set you up for listing alerts so you receive the newest listings matching your search criteria straight to your inbox. Sellers, summer is on the horizon, and that means it's prime time to list your home. Work with one of our experienced agents to market your home effectively and attract the best offers from buyers. Check out our Austin Seller’s Guide for tips to prepare your home for sale. Whether you’re buying or selling an Austin area home, our team of agents is ready to help you meet your goals. Contact us today for more information about Austin area real estate.

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