August 2016 Austin Area Market Report

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August 2016 Austin Area Market Report

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single family homes sold

350

+5%

300

median price for single family homes

+9%

250

200

2,985

100

$289,990 2011

Months of Inventory

8 7 6

+0.1 Months

2.8

4 3

1

*balanced

active Listings:

Pending Sales:

3,056

6,710

2,518

B

B

B

-1

August 2016

market

New Listings:

-6%

2015

Days

single family home listings on the market*

h

2014

42

Months

2

2013

average number of days homes spent on the market no Change

*

5

2012

h

-1

+5% *Numbers For august 2016

h

-1

+1%

These statistics show an accurate picture of how the Austin area housing market sits for August 2016. These statistics are for single family homes compared year-over-year. All statistics found are from the Austin Board of RealtorsŠ. *According to the Real Estate Center at Texas A&M University, a *balanced market consitutes 6.5 months of inventory, which represents a balanced supply and demand for homes.â€?


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