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Austin Real Estate News

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AUSTIN, Texas October 21, 2014 According to the September 2014
Multiple Listing Service (MLS) report released today by the Austin Board of
REALTORS (ABoR), Austin-area single-family home prices set a record for
the month of September. At the same time, Austin-area single-family home
sales rebounded from the last two months of home sales declines, increasing
10 percent from September 2013 to 2,524 home sales.
Bill Evans, 2014 President of the Austin Board of REALTORS, explained,
Septembers 10 percent increase in home sales, despite ongoing issues in
housing affordability, is a testament to the strong population and job growth
that the Austin area and its economy continue to enjoy. However, these
records in home prices also show that area homes continue to become more
and more unaffordable for Austin homebuyers. ABoR encourages Austinites to
take action on Nov. 4 by voting for City Council candidates who will prioritize
housing development and affordability issues in 2015.
Evans concluded, Recent reports from a national real estate advertising
company have claimed that the Austin-area housing market is overvalued, but
local economic experts continue to point to our regions strong economic and
population growth as foundations of a healthy market and indicators that those
claims are not true. The 110 people who the City of Austin says move to Austin
every day need homes to live in, and the real issue at hand is whether those
people can afford those homes.
September 2014 Statistics:
2,524 Single-family homes sold, 10 percent more than September 2013.
$240,000 Median price for single-family homes, eight percent more than
September 2013.
$308,514 Average price for single-family homes, seven percent more
than September 2013.
44 Average number of days single-family homes spent on the market,
unchanged from September 2013.
2,586 New single-family home listings on the market, four percent more
than September 2013.
6,469 Active single-family home listings on the market, eight percent
more than September 2013.
2,201 Pending sales for single-family homes, 11 percent more than
September 2013.
2.8 Months of inventory* of single-family homes, 0.1 months more than
September 2013.
In the News:
Austin apartment market still on
fre; could mean rent relief on its
way
Best-ever showing: Austin near
top in ULI annual real estate
report
Forbes looks south to fnd Austin
ZIP code with priciest homes
CBRE report: Tech frms largest
driver of Austin relocations/
expansion
Experts: Real estate and energy
sectors to be most affected by
crowdfunding
Mapped: Where Austins rents
are skyrocketing the fastest
Keep Up With
Better Homes and
Gardens Real Estate
Bradfeld Properties
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On the Market
1804 Leander Street
Georgetown, TX 78626
$435,000
11805 Sleepy Hollow Road
Manchaca, TX 78652
$389,000
1211 W Mary Street
Austin, TX 78704
$725,000
14002 Saskatchewan Drive
Austin, TX, 78734
$315,000
18004 Fawns Crossing
Dripping Springs, TX 78620
$374,999
317 Martinique Pass
Austin, TX 78734
$1,599,000
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