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March 2018 Austin Market Report

Though some numbers are down from last year, Austin is still seeing a rise in activity in the real estate Market. Most counties in Central Texas saw an increase in single-family home sales, with the Austin-Round Rock area up 11 to 2,714 homes sold while the median home price rose 4 to $305,000. Despite the continuous rise in prices, pending sales fornbsp;Marchnbsp;increased by 7. The month ofnbsp;March also yielded an increase in total dollar sales volume to $1.1nbsp;billion. The home inventory level for the Austin area sawnbsp;a slight decreasenbsp;withnbsp;2.2 months of inventory available.nbsp;Check out the newest numbers from the Austin Board of REALTORSreg; fornbsp;March: Marchnbsp;2018 Austin Area Market Statistics 2,714nbsp;single-family homes were sold thisnbsp;March - 11nbsp;more thannbsp;March 2017 The median price of a home increased 4 since lastnbsp;March to $305,000 Total dollar volume of single-family properties sold was $1.1nbsp;billion fornbsp;March 2018, up 18 from last year Decreasenbsp;in the months of inventory since March 2017, settling atnbsp;2.2 months innbsp;Marchnbsp;2018 61nbsp;days spent on the market innbsp;March 2018 compared to 58 days the previous year 5,640nbsp;active listings duringnbsp;March 2018 - down 2 fromnbsp;March 2017 3 decrease in new listings fornbsp;March 2018 for a total of 4,008 listings 7 more pending sales thannbsp;March 2017 with 3,049 innbsp;March 2018 The spring selling season is here, which means the real estate market is getting busier than evernbsp;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 to 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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March 2018 Austin Market Report

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