Central Texas Home Sales Continue to Increase

Tuesday, March 29th, 2016

Austin area home sales continue to be on the rise during the 1st few months of 2016. The Austin Board of Realtors provided the following statistics:

February 2016 Statistics

• 1,783 – Single-family homes sold, 2.9 percent more than February 2015.
• $269,900 – Median price for single-family homes, 8.0 percent more than February 2015.
• $333,011 – Average price for single-family homes, 7.6 percent more than February 2015.
• 62 – Average number of days single-family homes spent on the market, three days more than February 2015.
• 2,793 – New single-family home listings on the market, 11.1 percent more than February 2015.
• 4,871 – Active single-family home listings on the market, 10 percent more than February 2015.
• 2,346 – Pending sales for single-family homes, 12.3 percent more than February 2015.
• 2.1 – Months of inventory* of single-family homes, 0.1 months more than February 2015.
• $593,758,953– Total dollar volume of single-family properties sold, 10.7 percent more than February 2015.

For the complete article, go to http://www.abor.com/statsfeb16/.