November 2017 Austin Market Report

Posted on Wednesday, December 20th, 2017 at 9:50am.

November 2017 Austin Market Report

According to the latest numbers from the Austin Board of REALTORS®, the Austin area market saw increases across the board. Most counties in Central Texas saw an increase in single-family home sales, with the Austin-Round Rock area up 4% to 2,196 homes sold while the median home price rose 3% to $296,000. Despite the continuous rise in prices, pending sales for November increased by 15%. The month of November also yielded an increase in total dollar sales volume to $804 million. The home inventory level for the Austin area saw an increase this month with 2.5 months of inventory available, indicating a sellers' market according to the National Association of REALTORS®. Check out the newest numbers from the Austin Board of REALTORS® for November:

November 2017 Austin Area Market Statistics

  • 2,196 single-family homes were sold this November - 4% more than November 2016
  • The median price of a home increased 3% since last November to $296,000
  • Total dollar volume of single-family properties sold was $804 million for November 2017, up 4% from last year
  • Increase in the months of inventory since November 2016, settling at 2.5 months in November 2017
  • 61 days spent on the market in November 2017 compared to 55 days the previous year
  • 6,391 active listings during November 2017 - up 14% from November 2016
  • 12% increase in new listings for November 2017 for a total of 2,377 listings
  • 15% more pending sales than November 2016 with 2,340 in November 2017

The holidays are just around the corner, your next home may be, too! 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 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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