June 2016 Austin Market Report

Posted on Friday, July 15th, 2016 at 5:41pm.

June 2016 Austin Market Report

We’re halfway through 2016, and Austin home sales are hotter than ever! According to the latest report from the Austin Board of Realtors, 3,219 home sales were recorded in June. This 9% increase over last year shows the Austin market is on track to shatter sales records made in 2015. The median price of single-family homes in the Austin area also rose 8% to $295,500. Although median home prices have continued to rise each month, that hasn’t stopped the market from posting increased numbers for new listings, active listings, and pending sales. June also recorded an incredible 20% rise in the total dollar sales volume for the Austin area to about $1.19 billion. June was an exciting month for Austin real estate. Take a look at the latest stats from the Austin Board of Realtors:

June 2016 Austin Area Market Statistics

  • 3,291 single-family homes were sold last month, or 9% more than June 2015
  • $295,500 was the median price for a home in June 2016, which is 8% more than June 2015
  • 2.5 months of inventory available in June 2016, unchanged since June 2015
  • Homes spent 41 days on average on the market last month, unchanged since June 2015
  • 1% increase in new listings from June 2015 to 3,694 new listings in 2016
  • 6,114 active listings in June 2016, which is a 6% increase from June 2015
  • 2,940 pending sales in June 2016, or 6% more than June 2015
  • 20% increase in total dollar sales volume in June 2016 to $1.19 billion

Based on these numbers, we can expect real estate activity to continue to grow in the Austin area. If you’re thinking about purchasing a home, it’s not too late to find a new home just in time for the new school year. Our agents are Austin experts, and can help you find your dream home at the right price for your budget. Check out our Austin Neighborhoods Guide to get to know over 2,000 unique communities. If you’re considering selling, why not take advantage of Austin’s hot market? Our agents have all the skills you need on your side to successfully list your home on the Austin MLS at a competitive price. Contact us to start working with one of our top agents.

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