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.�