Austin MLS Stats November 2015
As we all get ready to slow-down for Holiday season, it’s normal for most people to start planning their next moves in the coming year. If you or someone you know is looking to buy or sell Real Estate in Austin, you may use this MLS statistical information to guide your planning. Please call me with any questions you may have about these numbers, or your housing plans for the future. I love helping!
According to the Austin-area Multiple Listing Service (MLS), housing prices for single-family homes sold for an average of $340,223 in November 2015. This marks yet another month of increased housing prices, November 2015 being 12.3% higher than 2014. The median sold price last month was $265,000, up 10.4% over 2014.
The average sold price per square foot (sp/sf) price for November 2015 price is $162 per square foot. Not surprisingly this number is up 12.4% higher than 2014, which was $144 per square foot. The median sp/sf last month was $134, up 9.1% over 2014.
The average Days on Market (DOM) in November was 51 days, down from 2014 by 1 day.
The average number of sold listings actually went down 8.4% from 2014. Although year-to-date we are up from 2014 at 4.0%. I expect the Market will slow down evenly through January 2016, and then start picking up from February through the next 10 months.
Looking at the Austin area as a whole, I see that the Median price change rising evenly throughout the city, mostly within the +5% to +25% range. Some pockets in developing areas in Central Austin are going up 25% to 50%. One pocket downtown is up over 50% from 2014. Yowzers!
Thank you so much for taking the time to read my newsletter. Please consider calling me if you have a Real Estate question. I work on referrals, so customer service is #1 for me. Have a great New Year and as always, be good!