Austin Real Estate Statistics - 2017
December 2017 STATISTICS
Single-family home sales volume increased within the city of Austin in December 2017. Of single-family homes sold, 17.6 percent were sold for less than $250,000, 56.5 percent were sold between $250,000-$500,000 and 25.7 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin increased 13.4 percent year-over-year to 802 home sales in December 2017. Homes priced between $300,000 and $399,000 had the highest sales volume.
Median Home Price
In December 2017, the median price for single-family homes in the city of Austin rose 2.6 percent to $359,150. The sales dollar volume of single-family homes sold in Austin city limits was $352,457,241, an increase of 14.7 percent from the previous December.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in most price classes. While inventory levels continue to steadily increase, housing inventory levels for single-family homes priced under $300,000 have less than two months of inventory.
Housing inventory of single-family homes in the city of Austin decreased 0.1 months from December 2016 to 1.5 months of inventory, well below the Real Estate Center at Texas A&M University's projection of a balanced housing market. Single-family homes priced above $750,000 had the highest levels of inventory.
Listing Activity
In December 2017, single-family homes in the city of Austin spent an average of 54 days on the market, three days more than December 2016. During the same period, new listings decreased 14.6 percent to 414 listings; active listings decreased 5.1 percent to 1,136 listings; and pending sales increased 11.9 percent to 571 pending sales.
November 2017 STATISTICS
Single-family home sales volume declined in the city of Austin for the second month in a row in November 2017. Of single-family homes sold, 15.5 percent were sold for less than $250,000, 59.1 percent were sold between $250,000-$500,000 and 25.4 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin declined 3.3 percent year-over-year to 653 home sales in November 2017. Homes priced between $500,000 and $750,000 experienced the largest decline in home sales volume of any price class during this time frame, or a decline of 3.1 percent.
Median Home Price
In November 2017, the median price for single-family homes in the city of Austin increased 6.8 percent year-over-year to $360,000. The sales dollar volume of single-family homes sold in Austin city limits was $293,024,033, a decrease of 1.0 percent from November 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in most price classes. During the same time frame, new listings and pending sales throughout Austin continued to rise by double digits.
Housing inventory of single-family homes in the city of Austin increased 0.1 months from November 2016 to 2.0 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of 6.0-6.5 months as a balanced housing market. Single-family homes priced under $250,000 had less than one month of inventory in November 2017.
Listing Activity
In November 2017, single-family homes in the city of Austin spent an average of 52 days on the market, seven days more than November 2016. During the same time frame, active listings increased 5.0 percent to 1,535 listings, new listings grew 12.1 percent to 722 listings, and pending sales jumped 18.8 percent to 714 pending sales.
October 2017 STATISTICS
Single-family home sales volume decreased within the city of Austin in October 2017. Of single-family homes sold, 20.1 percent were sold for less than $250,000, 53.9 percent were sold between $250,000-$500,000 and 25.6 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin decreased 1.7 percent year-over-year to 699 home sales in October 2017. Homes priced under $200,000 had the largest decreases in home sales volume where inventory levels were less than 1.0 month.
Median Home Price
In October 2017, the median price for single-family homes in the city of Austin rose 9.1 percent to $360,000. The sales dollar volume of single-family homes sold in Austin city limits in October 2017 was $313,860,338, an increase of 3.3 percent from October 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in most price classes. While inventory levels continue to steadily increase, housing inventory levels for single-family homes priced under $300,000 have less than two months of inventory.
Housing inventory of single-family homes in the city of Austin increased 0.1 months from October 2016 to 2.3 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of a balanced housing market. Single-family homes priced above $500,000 had the highest levels of inventory.
Listing Activity
In October 2017, single-family homes in the city of Austin spent an average of 48 days on the market, four days more than October 2016. During the same time frame, active listings increased 3.6 percent to 1,737 listings, new listings grew 0.4 percent to 840 listings, and pending sales increased 12.2 percent to 766 pending sales.
September 2017 STATISTICS
Single-family home sales volume decreased within the city of Austin in September 2017. Of single-family homes sold, 17.6 percent were sold for less than $250,000, 57.6 percent were sold between $250,000-$500,000 and 24.6 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin dropped 4.1 percent year-over-year to 719 home sales in September 2017. Homes priced under $250,000 had the largest decreases in home sales volume, which can be attributed to low inventory levels.
Median Home Price
In September 2017, the median price for single-family homes in the city of Austin rose 4.0 percent to $355,000. The sales dollar volume of single-family homes sold in Austin city limits in September 2017 was $307,576,786, an increase of 2.7 percent from September 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in homes priced under $300,000. Luxury homes priced $750,000 and above had the highest levels of inventory in the city of Austin.
Housing inventory in the city of Austin remained unchanged in September 2016 at 2.4 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of a balanced housing market. Single-family homes priced above $300,000 had the highest levels of inventory.
Listing Activity
In September 2017, single-family homes in the city of Austin spent an average of 42 days on the market, unchanged from September 2016. During the same time frame, active listings increased 5.7 percent to 1,886 listings, new listings fell 5.0 percent to 915 listings, and pending sales increased 2.9 percent to 705 pending sales.
AUGUST 2017 STATISTICS
Single-family home sales volume increased within the city of Austin in August 2017. Of single-family homes sold, 15.3 percent were sold for less than $250,000, 57.2 percent were sold between $250,000-$500,000 and 27.5 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin jumped 6.1 percent year-over-year to 927 home sales in August 2017. Homes priced above $300,000 experienced double-digit growth in August, 2017, shifting what the profile of affordable entry-level housing looks like.
Median Home Price
In August 2017, the median price for single-family homes in the city of Austin rose 2.7 percent to $361,000. The sales dollar volume of single-family homes sold in Austin city limits in August 2017 was $415,442,374, an increase of 13.1 percent from August 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low. Homes under $250,000 had the lowest levels of inventory with less than one month of inventory. Luxury homes priced above $750,000 had the highest amount of inventory in the city of Austin with 4.0 months of inventory.
Housing inventory in the city of Austin grew 0.1 months from August 2016 to 2.4 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of a balanced housing market. Single-family homes priced under $250,000 had less than one month of inventory.
Listing Activity
In August 2017, single-family homes in the city of Austin spent an average of 35 days on the market, one day less than August 2016. During the same time frame, active listings increased 9.4 percent to 1,880 listings, new listings rose 1.5 percent to 956 listings, and pending sales increased 2.3 percent to 801 pending sales.
July 2017 STATISTICS
Single-family home sales volume increased within the city of Austin in July 2017. Of single-family homes sold, 14.6 percent were sold for less than $250,000, 59.9 percent were sold between $250,000-$500,000 and 25.3 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin decreased 2.5 percent year-over-year to 832 home sales in July 2017. The decrease of single-family home sales growth was especially present in homes priced under $300,000, which continued to decline by double-digits in July 2017.
Median Home Price
In July 2017, the median price for single-family homes in the city of Austin rose 7.2 percent to $369,900. The sales dollar volume of single-family homes sold in Austin city limits in July 2017 was $375,380,324, an increase of 4.1 percent from July 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in homes priced under $300,000. Luxury homes priced $750,000 and above had the highest levels of inventory in the city of Austin.
Housing inventory in the city of Austin grew 0.1 months from July 2016 to 2.5 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of a balanced housing market. Single-family homes priced under $250,000 had less than one month of inventory.
Listing Activity
In July 2017, single-family homes in the city of Austin spent an average of 33 days on the market, unchanged from July 2016. During the same time frame, active listings increased 10.2 percent to 1,965 listings, new listings rose 5.5 percent to 1,149 listings, and pending sales increased 1.3 percent to 835 pending sales.
June 2017 STATISTICS
In the first half of 2017, single-family home sales in city of Austin increased 4.3 percent compared to the first six months of 2016 to 4,680 homes sales. During the same time frame, median price increased 7.7 percent to $365,000.
Single-Family Home Sales
In June 2017, single-family home sales volume in the city of Austin increased 2.1 percent year-over-year to 1,015 home sales. Of those sales, 13.6 percent sold for $249,999 or less, 54.9 percent sold between $250,000-$499,999 and 31.5 percent sold for $500,000 or higher.
Median Home Price
In June 2017, the median price for single-family homes in the city of Austin jumped 13.2 percent to $393,500. The sales dollar volume of single-family homes sold in June 2017 was $497,560,081, an increase of 14.4 percent from the same month the year prior.
Monthly Housing Inventory
Despite small gains in the first half of 2017, housing inventory within the city of Austin remains among the lowest in the Austin-Round Rock MSA. While new listings activity declined slightly in June, year-to-date listings activity is still considerably higher than the first six months of 2016.
Housing inventory in the city of Austin grew 0.1 months from June 2016 to 2.4 months of inventory. During this time frame, the only price classes of single-family homes to experience annual gains in inventory were between $150,000-$200,000, $250,000-$299,000 and $1,000,000 and higher.
Listing Activity
In June 2017, single-family homes in the city of Austin spent an average of 36 days on the market, two days more than in June 2016. During the same time frame, active listings increased 8.7 percent to 1,854 listings, new listings fell 1.7 percent to 1,281 listings, and pending sales increased 9.4 percent to 947 pending sales.
MAY 2017 STATISTICS
Single-family home sales volume increased within the city of Austin in May 2017. Of single-family homes sold, 14.5 percent were sold for less than $250,000, 55.3 percent were sold between $250,000-$500,000 and 30.2 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin increased 9.7 percent year-over-year to 993 home sales in May 2017. Despite this growth, sales volume of single-family homes priced under $300,000 continues to decline by double digits year-over-year, signifying worsening housing affordability as Austin's price range for single-family homes shifts upward.
Median Home Price
In May 2017, the median price for single-family homes in the city of Austin rose 8.6 percent to $380,000. The sales dollar volume of single-family homes sold in Austin city limits in May 2017 was $470,706,284, an increase of 22.4 percent from May 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remained critically low in most price classes. While more homes are entering the market, the housing inventory for single-family homes priced under $250,000 remains virtually nonexistent.
Housing inventory in the city of Austin grew 0.2 months from May 2016 to 2.1 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of a balanced housing market. Single-family homes priced between $100,000-$250,000 had less than one month of inventory.
Listing Activity
In May 2017, single-family homes in the city of Austin spent an average of 34 days on the market, four days less than in May 2016. During the same time frame, active listings increased 16.3 percent to 1,647 listings, new listings rose 11.1 percent to 1,326 listings, and pending sales increased 6.8 percent to 1,078 pending sales.
April 2017 Statistics
Single-family home sales volume increased slightly within the city of Austin in April 2017. Of single-family homes sold, 16.8 percent were sold for less than $250,000, 56.2 percent were sold between $250,000-$500,000 and 26.8 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales volume in the city of Austin increased 2.2 percent year-over-year to 827 home sales in April 2017. Sales volume of single-family homes priced under $300,000 declined by double digits year-over-year in April 2017, signifying the need for more affordably priced housing stock throughout the city.
Median Home Price
In April 2017, the median price for single-family homes in the city of Austin rose 4.1 percent to $370,600. The sales dollar volume of single-family homes sold in Austin's city limits in April 2017 was $372,936,640, a 9.2 percent increase from April 2016.
Monthly Housing Inventory
Housing inventory levels throughout the city of Austin remain the most constrained throughout the Central Texas region, while housing demand remains at an all-time high. Single-family homes are spending less time on the market compared to the same month the year prior.
Housing inventory in the city of Austin increased 0.2 months from April 2016 to 2.0 months, well below the Real Estate Center at Texas A&M University's estimation of 6.0-6.5 months of inventory as a balanced market. Austin homes priced under $250,000 had less than one month of inventory
Listing Activity
In April 2017, single-family homes in the city of Austin spent an average of 33 days on the market, eight days less than in April 2016. During the same time frame, active listings increased 14.6 percent to 1,564 listings, new listings rose 10.4 percent to 1,270 listings, and pending sales increased 0.3 percent to 937 pending sales.
March 2017 Statistics
Single-family home sales volume increased slightly within the city of Austin in March 2017. Of single-family homes sold, 15.1 percent were sold for less than $250,000, 57.3 percent were sold between $250,000-$500,000 and 27.6 percent were sold for $500,000 or higher.
Single-Family Home Sales
Single-family home sales increased 1.2 percent year-over-year to 780 home sales in March 2017. Home sales priced under $300,000 declined sharply in sales volume from March 2016, whereas sales volume of homes priced $300,000 and higher experienced significant gains, highlighting the growing "missing middle" among Austin's housing stock
Median Home Price
In March 2017, the median price for single-family homes in the city of Austin jumped 12.6 percent from the year prior to $371,606. The sales dollar volume of single-family homes sold in the city of Austin in March 2017 was $346,692,959, an 8.8 percent increase from March 2016
New listings and pending sales in the city of Austin experienced double-digit growth from the year prior in March 2017. Austin continues to have one of the lowest inventory levels in the region, with very few homes priced under $250,000 on the market.
Monthly Housing Inventory
Housing inventory within the city of Austin increased 0.1 months from March 2016 to 1.8 months of inventory. Single-family homes priced under $250,000 have less than 0.5 months of inventory, which is practically nonexistent. Homes priced under $750,000 have less than 2.5 months of inventory, indicating an extremely tight housing market.
Listing Activity
Single-family homes in the city of Austin spent an average of 48 days on the market in March 2017, seven days more than the year prior. During the same time frame, active listings increased 5.4 percent to 1,344 listings, new listings increased 20.9 percent to 1,309 listings, and pending sales increased 17.4 percent to 953 pending sales.
February 2017 Statistics
Single-family home sales in the city of Austin continue to experience steady annual gains despite having one of the lowest housing inventories and highest home prices in the region.
Single-Family Home Sales
Single-family home sales in the city of Austin rose 6.4 percent year-over-year to 617 home sales in February 2017. Sales of single-family homes priced between $250,000-$400,000 jumped 32 percent from February 2017, while luxury home sales (homes priced $1 million and higher) experienced significant annual gains as well.
Median Home Price
In February 2017, the median price for single-family homes in the city of Austin remained unchanged from the year prior at $330,000. The sales dollar volume of single-family homes sold in Austin city limits in February 2017 was $263,180,422, a 14.9 percent increase from February 2016.
Housing inventory levels within Austin city limits continue to remain critically low, while single-family homes are spending increasingly more time on the market compared to previous years.
Monthly Housing Inventory
Housing inventory in the City of Austin remained unchanged from February 2016 at 1.5 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of 6.0-6.5 months of inventory as a balanced housing market. In February 2017, homes priced under $300,000 in the city of Austin had less than one month of inventory.
Listing Activity
In February 2017, single-family homes in the city of Austin spent an average of 57 days on the market, six days more than in February 2016. During the same time frame, active listings decreased 1.0 percent to 1,105 listings, new listings declined 2.3 percent to 846 listings, and pending sales increased 5.0 percent to 729 pending sales.
January 2017 Statistics
Single-family home sales in the City of Austin have experienced significant annual gains for the last several months, despite having one of the lowest housing inventory levels in the region. At the same time, the pace of home price growth has begun to slow to a less aggressive pace.
Single-Family Home Sales
Single-family home sales in the City of Austin rose 9.8 percent year-over-year to 469 home sales in January 2017. More than half of Austin home sales volume in January 2017 was homes priced between $200,000 and $400,000. Sales of single-family homes priced under $200,000 - cited by the Real Estate Center at Texas A&M University as a budget threshold for entry-level buyers - decreased by double digits year over year.
Median Home Price
The median price for single-family homes in the City of Austin rose 2.3 percent year-over-year to $312,000 in January 2017. The sales dollar volume of single-family homes sold in Austin city limits in January 2017 was $188,840,479, a 15.2 percent increase from January 2016.
Housing inventory levels in the City of Austin continue to remain critically low. Strong pending sales activity in January 2017 indicates that home sales growth could continue to rise in the coming months.
Monthly Housing Inventory
Housing inventory in the City of Austin remained unchanged from January 2016 at 1.4 months of inventory, well below the Real Estate Center at Texas A&M University's estimation of 6.0-6.5 months of inventory as a balanced housing market. In January 2017, the monthly housing inventory for homes priced under $300,000 in the City of Austin was less than one month of inventory, which is essentially nonexistent.
Listing Activty
In January 2017, single-family homes in the City of Austin spent an average of 50 days on the market, four more days than in January 2016. During the same time frame, active listings increased 2.5 percent to 1,066 listings, new listings declined 4 percent to 715 listings, and pending sales increased 9.9 percent to 719 pending sales.