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December 2017 Austin Market Report

Even the cold weather cant put a stop to the hot Austin market 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 13 tonbsp;2,653nbsp;homes sold while the median home price rose 7 to $310,000. Despite the continuous rise in prices, pending sales for December increased by 24. The month of December also yielded an increase in total dollar sales volume to $999nbsp;million. The home inventory level for the Austin area saw an increase this month with 2.1 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 December: Decembernbsp;2017 Austin Area Market Statistics 2,653 single-family homes were sold this December - 13nbsp;more thannbsp;December 2016 The median price of a home increased 7 since lastnbsp;December to $310,000 Total dollar volume of single-family properties sold was $999 million fornbsp;December 2017, up 19 from last year Increase in the months of inventory sincenbsp;Decembernbsp;2016, settling at 2.1 months in December 2017 71nbsp;days spent on the market innbsp;December 2017 compared tonbsp;61 days the previous year 5,220nbsp;active listings duringnbsp;December 2017 - upnbsp;9 fromnbsp;December 2016 3 increase in new listings fornbsp;December 2017 for a total of 1,635 listings 24 more pending sales than December 2016 withnbsp;1,971 innbsp;December 2017 2017 overall was another record-setting year for Austin area real estate.nbsp;30,059 homes were sold in 2017, which is the highest-ever recorded annual sales for the Austin market. Last year also marks the 7th straight year that Austin has seen an increase in annual home sales. Here are the year-end totals for 2017 from the Austin Board of REALTORSreg;: Year-End 2017 Austin Area Market Statistics 30,059 single-family homes were sold in 2017, or 2.4 more than 2016 The median price of a home in 2016 was 5.4 more than the previous year at $299,900 2017 had a 1.5 decrease in inventory from 1.6 in 2016 Despite a prediction that 2017 would see a slow-down in the Austin real estate market, home sales were higher than ever We cant wait to see whats in store for 2018. Whether yoursquo;re lookingnbsp;to buy or sell a home, our experienced agents would love to help you through the process.nbsp;For buyers, ournbsp;Austin home search is the best place to start. Our 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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December 2017 Austin Market Report

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