August 2017 Austin Market Report

Posted on Wednesday, September 20th, 2017 at 9:39am.

July 2017 Austin Market Report

August was an exciting month for Austin real estate! According to the latest numbers from the Austin Board of REALTORS®, the Austin area market saw increases across the board. Especially in the Austin-Round Rock area, single family home sales increased 1% to 2,994 homes sold and the median home price also rose 4% to $300,000. Despite the continuous rise in prices, pending sales for August increased by 8%. The month of August also yielded a 6% increase in total dollar sales volume to $1.13 billion. The home inventory level for the Austin area saw a increase this month with 3.1 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for August:

August 2017 Austin Area Market Statistics

  • 2,994 single-family homes were sold this July - 1% more than August 2016
  • The median price of a home increased 4% since last August to $300,000
  • Total dollar volume of single-family properties sold was $1.13 billion for August 2017, up 6% from last year
  • Increase in the months of inventory since August 2016, settling at 3.1 months in August 2017
  • 46 days spent on the market in August 2017 compared to 44 days the previous year
  • 7,781 active listings during August 2017 - up 16% from August 2016
  • 8% increase in new listings for August 2017 for a total of 3,316 listings
  • 8% more pending sales than August 2016 with 2,710 in August 2017

With summer coming to a close, statistics have show it to be the highest-grossing real estate selling season in Central Texas history. Whether you’re looking for a brand new home or an established residence in the Austin area, our innovative Austin home search is the best place to start. Our experienced agents can set up email notifications to help stay on top of the latest homes for sale in your preferred neighborhood. If you’re thinking about selling, now is a great time make your move. Our expert agents can help you price your home correctly, market it effectively, and choose the best offer for your sale. Contact us for more information about buying or selling homes in the Austin area.

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