October Statistics First Look: Average Price for Austin Homes Jumps 27.45%
What the Increase in the Average Price for Austin Homes Means For You
Hello and we hope you’re doing well! We have manually run market statistics for October in order to get a first look at the market’s performance. These numbers are a fantastic way to see how the real estate market in Austin is performing, but they aren’t as highly reviewed as the statistics that ABOR & Independence Title will send in 1-2 weeks. All data is pulled from ACTRIS MLS data.
We’ve looked at numbers for the greater Austin metro area, along with numbers specifically for residential zip codes in Austin. Here is what we found for the month of October:
The great Austin real estate market continues to amaze. The most impressive number reported in October is the +27.45% increase in the average price for Austin homes. It’s worth noting that Median Sold Price was calmer with a +14.89% increase (which is still a historic gain). Total sales increase by +12.6% and days on the market drop to only 7 days to sell a home in Austin.
The greater Austin metro area saw huge gains in unit sales at +19.74% to 3773 total sales. Median Sold Price increased by +12.52% to $359,950. Homes are selling incredibly quickly and Median Days on the Market dropped from 28 days to 9.
We’ll be back in touch with you when we have the full set of data for the month of October. We are particularly interested to see pending data, which will show us if we are beginning to see any sort of seasonal slowdown in Austin real estate.
If you are interested in selling or purchasing a home in Austin, our professional Austin Realtors can help. Bramlett Residential is a local real estate company specializing in homes in Austin. Learn about the Buying Process and more by contacting us today.