October 2017 Austin Market Report

Posted on Sunday, November 19th, 2017 at 10:41am.

October 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 2% to 2,292 homes sold while the median home price rose 4% to $386,000. Despite the continuous rise in prices, pending sales for October increased by 14%. The month of October also yielded an increase in total dollar sales volume to $846 million. The home inventory level for the Austin area saw an increase this month with 2.8 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 October:

October 2017 Austin Area Market Statistics

  • 2,292 single-family homes were sold this October - 2% more than October 2016
  • The median price of a home increased 4% since last October to $386,000
  • Total dollar volume of single-family properties sold was $846 million for October 2017, up 6% from last year
  • Increase in the months of inventory since October 2016, settling at 2.8 months in October 2017
  • 55 days spent on the market in October 2017 compared to 52 days the previous year
  • 7,083 active listings during October 2017 - up 13% from October 2016
  • 8% increase in new listings for October 2017 for a total of 2,816 listings
  • 14% more pending sales than October 2016 with 2,542 in October 2017

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