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October 2017 Austin Market Report

According to the latest numbers from the Austin Board of REALTORSreg;, the Austin area 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 2 tonbsp;2,292nbsp;homes sold while the median home price rose 4 to $386,000. Despite the continuous rise in prices, pending sales for October increased by 14. The month ofnbsp;October also yielded an increase in total dollar sales volume to $846 million. The home inventory level for the Austin area saw an increase this month with 2.8 months of inventory available, indicating a sellers market according to the National Association of REALTORSreg;. Check out the newest numbers from the Austin Board of REALTORSreg; for October: Octobernbsp;2017 Austin Area Market Statistics 2,292 single-family homes were sold thisnbsp;October - 2nbsp;more than October 2016 The median price of a home increased 4 since lastnbsp;October to $386,000 Total dollar volume of single-family properties sold was $846 million fornbsp;October 2017, up 6 from last year Increase in the months of inventory sincenbsp;October 2016, settling at 2.8 months innbsp;October 2017 55 days spent on the market innbsp;October 2017 compared to 52 days the previous year 7,083 active listings duringnbsp;October 2017 - up 13 from October 2016 8 increase in new listings for October 2017 for a total ofnbsp;2,816 listings 14 more pending sales than October 2016 with 2,542 in October 2017 Fall in Austin is an amazing time to spend with friends and family - why not celebrate in a new home?nbsp;Whether yoursquo;re looking for a brand new home or an established residence in the Austin area, our innovative Austin home search is the best place to start. Our experienced agents can set up email notifications to help stay on top of the latest homes for sale in your preferred neighborhood. If yoursquo;re thinking about selling, now is a great time 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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October 2017 Austin Market Report

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