August 2018 Austin Market Report

Posted on Monday, September 24th, 2018 at 3:56pm.

August 2018 Austin Market Report

According to the August 2018 Central Texas Housing Market Report, this was the highest-grossing August on record for Central Texas sales volume! Most counties in Central Texas saw an increase in single-family home sales, with the Austin-Round Rock area up 4% to 3,034 homes sold while the median home price rose 8% to $322,000. Despite the continuous rise in prices, pending sales for August increased by 12%. The month of August also yielded an increase in total dollar sales volume to $1.2 billion. The home inventory level for the Austin area saw no change with 3.1 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for August:

August 2018 Austin Area Market Statistics

  • 3,034 single-family homes were sold this August - 4% more than August 2017
  • The median price of a home increased 8% since last August to $322,000
  • Total dollar volume of single-family properties sold was $1.2 billion for August 2018, up 11% from last year
  • No change in the months of inventory since August 2017, settling at 3.1 months in August 2018
  • 50 days spent on the market in August 2018, 3 more than the previous year
  • 7,887 active listings during August 2018 - up 4% from August 2017
  • 16% increase in new listings for August 2018 for a total of 3,741 listings
  • 12% more pending sales than August 2017 with 2,798 in August 2018

Summer may be coming to an end, but Austin's housing market is hotter than ever! It's a great time to buy or sell in Austin, and our agents would love to help you through the process. For buyers, our Austin home search is the best place to start. Our agents can set up email notifications to help you stay on top of the latest homes for sale in your preferred neighborhood. If you’re thinking about selling, now is a great time to 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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