January 2015 Austin Market Report

Posted on Friday, February 20th, 2015 at 4:49pm.

January 2015 Austin Market Report

Austin real estate is starting the year off strong! According to the latest report from the Austin Board of Realtors, records were set for home sales and home prices last month. Home sales in January reached an all time high for the month with 1,547 homes sold. Home prices also rose 13% last month, which is a record high for home prices in January. These numbers for January mark the 5th straight month of increases in home sales, as well as the 4th month in a row of home price increases. In fact, there were no decreases in any market statistics for January! Active listings rose 9% last month, while Austin’s housing inventory rose by 0.2 months to a total of 2.2 months. Take a look at the latest numbers from the Austin Board of Realtors:

January 2015 Austin Area Market Statistics

  • 1,547 single-family homes sold, or 11% more than January 2014
  • 13% increase in the median price of a single-family home from January 2014 to $240,000
  • Homes spent 63 days on the market on average, which is the same as January 2014
  • 2,360 new single-family home listings, or 1% more than January 2014
  • 9% increase in active single-family home listings in January 2015 at 5,005 listings
  • 2,026 pending single-family home sales last month, which is 4% more than January 2014
  • 0.2 more months of inventory available in January 2015 with 2.2 months
  • Total dollar sales volume in January 2015 was $479,859,289- 27% more than January 2014
It’s encouraging to see such a strong start for Austin real estate in 2015. We look forward to seeing how the market continues to grow throughout the year. With an increase in home sales and low housing inventory, it’s a great time to be a seller in Austin. A strong agent can help you market your home and bring multiple offers to the table. Buyers, don’t be deterred by the increase in home prices. An experienced agent who knows the Austin market inside and out can help you find your dream home at the right price for you. Whether you’re buying or selling a home, our agents are the experts in Austin real estate, and can help you navigate Austin’s changing market. Contact us today to start working with one of our talented agents!

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