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Austin-area home prices reach all-time high

ABOR Market Stats 1503

Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.

Here’s a summary of the March 2015 statistics…

    • 2,440 – Single-family homes sold, 13 percent more than March 2014.
    • $255,000 – Median price for single-family homes, 10 percent more than March 2014.
    • $334,758 – Average price for single-family homes, 13 percent more than March 2014.
    • 55 – Average number of days single-family homes spent on the market, four days more than March 2014.
    • 3,402 – New single-family home listings on the market, six percent more than March 2014.
    • 5,274 – Active single-family home listings on the market, six percent more than March 2014.
    • 2,812 – Pending sales for single-family homes, five percent more than March 2014.
    • 2.2 – Months of inventory* of single-family homes, statistically unchanged from March 2014.
    • $816,809,520 – Total dollar volume of single-family properties sold, 28 percent more than March 2014

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