January 2017 Austin Market Report

Posted on Friday, February 17th, 2017 at 2:07pm.

January 2017 Austin Market Report

The first numbers of 2017 are in, and it looks like the Austin market is already shaping up for another great year! According to the latest statistics from the Austin Board of REALTORS®, single family home sales in the Austin area were up 7% since January of last year with 1,549 homes sold. The median price of Austin area homes also continued to creep upward with a 10% increase to $279,990. January saw an 7% increase in active listings on the market and an 11% increase in pending sales. All this activity yielded a $552 million total dollar sales volume, which is 19% more than last January. We hope this positive activity continues throughout 2017. Get a detailed look of the latest numbers from the Austin Board of REALTORS®:

January 2016 Austin Area Market Statistics

  • 1,549 single-family homes sold, or 7% more than January 2016
  • 10% increase in the median price of a single-family home from January 2016 to $279,990
  • Homes spent 59 days on the market on average, which is 1 day more than January 2016
  • 2,559 new single-family home listings, or 8% more than January 2016
  • 7% increase in active single-family home listings in January 2016 at 4,828 listings
  • 2,290 pending single-family home sales last month, which is 11% more than January 2016
  • 0.1 more months of inventory available in January 2016 with 2 months
  • Total dollar sales volume in January 2016 was $552 million, or 19% more than January 2016

We’re excited to see such great numbers at the beginning of 2017. If the market continues to see increases in home sales and active listings, we can expect the upcoming months to be hotter than ever! If you’re thinking about selling your home, now is a great time to make your move. Just 2 months of available housing inventory, which is well below the balanced level of 6 months, shows there is a high demand for Austin area homes. Our agents have all the tools and skills to market your home effectively and sell for the best price possible. Let us help you discover what your home is worth. Buyers, don’t be discouraged by rising prices. An increase in new listings this month means there are homes hitting the market every day across the Austin area. Work with an experienced agent who understands the Austin market to help you secure the home of your dreams. Use our powerful search tools to find homes that fit your budget. For more information about Austin real estate, don’t hesitate to contact us!

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