September 2014 Austin Market Report

Posted on Wednesday, October 22nd, 2014 at 5:12pm.

September 2014 Austin Market Statistics

After two months of declining home sales, the Austin market is back on the rise this September! According to the monthly report released by the Austin Board of Realtors, 2,524 single-family homes were sold in September 2014, which is a 10% increase over the same time last year. In addition to rising sales, last month also saw a rise in home prices. The median price of a single family home rose 8% to $240,000 in September, which is a new record for the month. While the price of a home may have gone up, sales didn’t slow down in Austin. The numbers for pending sales, active listings and new listings to the Austin market were all up in September, rising by 11%, 8% and 4%, respectively, since September of last year. The total dollar sales volume in September also rose 18% to a total of $778,689,336. Austin’s market is still going strong into the last quarter of 2014. Check out the latest numbers from the Austin Board of Realtors:

  • 2,524 single-family homes sold in September 2014, which is 10% more than 2013
  • 8% increase in the median price of a home since September 2013 to $240,000 in 2014
  • No change in the average days a home spends on the market, which is 44 days
  • 2.8 months of inventory available in September 2014, or 0.1 more months than last year
  • Total dollar sales volume of $778,689,336 in September 2014, which is 18% more than 2013
  • 4% increase in new listings since last year to 2,586 listings in September 2014
  • 11% more active listings in September 2014 than 2013 at 6,469 listings
  • 2,201 pending sales in September 2014, or 11% more than September 2013

With rising home sales and rising prices, Austin’s real estate market is more competitive than ever. Whether you’re buying or selling a home in Austin, having a strong Realtor on your side will give you an edge when it comes to navigating Austin’s competitive market. Austin area buyers shouldn’t be discouraged by rising home prices. An 11% increase in active listings means there are more homes coming on the market every day, and one of them is bound to be your perfect home with the perfect price tag. For sellers, 2.8 months of inventory isn’t enough to meet the demand of buyers in the Austin area. Don’t hesitate to list your home and take advantage of this seller’s market! An experienced Realtor can help you price your home correctly to attract the most attention from buyers. Want to know how much your home is worth? Contact us today to get a free, no-strings-attached estimate of your home’s value determined by one of our real live, expert agents.

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