February 2018 Austin Market Report

Posted on Friday, March 16th, 2018 at 11:32am.

February 2018 Austin Market Report

According to the latest numbers from the Austin Board of REALTORS®, the Austin area market saw increases nearly across the board. Most counties in Central Texas saw an increase in single-family home sales, with the Austin-Round Rock area up 6% to 1,955 homes sold while the median home price rose 4% to $300,000. Despite the continuous rise in prices, pending sales for February increased by 14%. The month of February also yielded an increase in total dollar sales volume to $736 million. The home inventory level for the Austin area saw no change with 2 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for February:

February 2018 Austin Area Market Statistics

  • 1,955 single-family homes were sold this February - 6% more than February 2017
  • The median price of a home increased 4% since last February to $300,000
  • Total dollar volume of single-family properties sold was $736 million for February 2018, up 11% from last year
  • No change in the months of inventory since February 2017, settling at 2 months in February 2018
  • 71 days spent on the market in February 2018 compared to 65 days the previous year
  • 4,969 active listings during February 2018 - up 1% from February 2017
  • 1% decrease in new listings for February 2018 for a total of 2,819 listings
  • 14% more pending sales than February 2017 with 2,504 in February 2018

Housing demand in Central Texas is expected to be at an all time high in 2018. Whether you’re looking to buy or sell a home, our experienced 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 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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