November 2018 Austin Market Report

Posted on Wednesday, December 19th, 2018 at 4:53pm.

November 2018 Austin Market Report

According to the November 2018 Central Texas Housing Market Report, Austin's 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 1% to 2,201 homes sold while the median home price rose 2% to $301,000. Despite the continuous rise in prices, pending sales for November increased by 3%. The month of November also yielded an increase in total dollar sales volume to $839 million. The home inventory level for the Austin area saw a slight increase with 2.7 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for November:

November 2018 Austin Area Market Statistics

  • 2,201 single-family homes were sold this November - 1% more than November 2017
  • The median price of a home increased 2% since last November to $301,000
  • Total dollar volume of single-family properties sold was $839 million for November 2018, up 6% from last year
  • Increase in the months of inventory since November 2017, settling at 2,7 months in November 2018
  • 64 days spent on the market in November 2018, 3 more than the previous year
  • 6,9074 active listings during November 2018 - up 12% from November 2017
  • 2% increase in new listings for November 2018 for a total of 2,380 listings
  • 3% more pending sales than November 2017 with 2,217 in November 2018

There's still time to make a move before the holidays! It's a great time to buy or sell in Austin, and our 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 you 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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