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 to help! 512-626-3192.
According to the Austin-area Multiple Listing Service (MLS), housing prices for single-family homes sold for an average of $338,844 in April 2016. This marks yet another month of increased housing prices, April 2016 being 2.6% higher than 2015. The median sold price last month was $280,000, up 5.7% over 2015.
The average sold price per square foot (sp/sf) price for April 2016 price was $165 per square foot – 5.1% higher than 2015. The median sp/sf last month was $140, up $9 or, 6.5% over 2015.
The average Days on Market (DOM) in April were 45 days, which is about the same as last year. The number of sold listings in April 2016 was 2,855, also up only slightly from 2015.
Looking at all the MLS areas on a map, I notice that a vast majority of the city has a median price increase from 2015 of +5% to +25%. There are small pockets that show median price increases of +50% or more, (BW & LW). Shockingly, area 8E (downtown) shows a median price decrease of 25% or more. Overall, in my opinion Austin real estate is a well performing asset.
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 month and as always, be good!