October 2018 Austin Market Report

Posted on Friday, November 16th, 2018 at 1:21pm.

October 2018 Austin Market Report

According to the October 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 4% to 2,347 homes sold while the median home price rose 8% to $308,000. Despite the continuous rise in prices, pending sales for October increased by 3%. The month of October also yielded an increase in total dollar sales volume to $901 million. The home inventory level for the Austin area saw a slight increase with 3 months of inventory available. Check out the newest numbers from the Austin Board of REALTORS® for October:

October 2018 Austin Area Market Statistics

  • 2,347 single-family homes were sold this October - 4% more than October 2017
  • The median price of a home increased 8% since last October to $308,000
  • Total dollar volume of single-family properties sold was $901 million for October 2018, up 9% from last year
  • Increase in the months of inventory since October 2017, settling at 3 months in October 2018
  • 59 days spent on the market in October 2018, 3 more than the previous year
  • 7,434 active listings during October 2018 - up 8% from October 2017
  • 4% increase in new listings for October 2018 for a total of 2,871 listings
  • 3% more pending sales than October 2017 with 2,444 in October 2018

The weather is cooling down, but Austin's housing market is still hot! 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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