The Austin Board of Realtors has released the Real Estate Market Stats for the Austin area for February 2016.  Below is an excerpt from their report.

 

AUSTIN, Texas – March 21, 2016 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased by 2.9 percent to 1,783 home sales in February 2016 compared to the same month the year prior. Median single-family home price also increased 8.0 percent year-over-year, reaching $269,900 in February 2016.
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.

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