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Austin Real Estate News

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AUSTIN, Texas April 21, 2015 Austin-area single-family home prices hit an
all-time high, while single-family home sales volume set a record for the month
of March according to the March 2015 Multiple Listing Service (MLS) report
released today by the Austin Board of REALTORS.
Barb Cooper, 2015 President of the Austin Board of REALTORS, explained,
The Austin-area housing market is the least affordable it has ever been.
Solving Austins affordability issues is not only dependent upon generating
new, affordably-priced housing stock, but also preserving and maintaining
Austins existing housing stock. The recent Zucker Report is yet another
indicator that Austins city leadership needs to take significant steps to ensure
that all of Austins residents live in safe, code-compliant homes and are able to
quickly and easily make improvements to those homes.
Cooper concluded, Its encouraging to see how seriously Austins City Council
is taking the findings of the Zucker Report. Now that Mayor Adler and Austins
new City Council members are past their first 100 days in office, the Austin
Board of REALTORS expects quick and decisive action on policies that
will put a stop to Austins growing housing affordability issues. Were looking
forward to working with city leaders on finding these solutions.

$255,000 Median price for single-family homes, 10 percent more

than March 2014.

$334,758 Average price for single-family homes, 13 percent more

than March 2014.

55 Average number of days single-family homes spent on the

market, four days more than March 2014.

3,402 New single-family home listings on the market, six percent

more than March 2014.

5,274 Active single-family home listings on the market, six percent

more than March 2014.

2,812 Pending sales for single-family homes, five percent more than
March 2014.
2.2 Months of inventory of single-family homes, statistically
unchanged from March 2014.
$816,809,520 Total dollar volume of single-family properties sold, 28
percent more than March 2014.

A long time coming: 18 years

of headlines from Austins
affordability crisis
Texas Realtors demand tax
relief, transportation funding
Skyline scraper: New high-rise
condo tower will be Austins
tallest building
Eastward Expansion:
Real estate prospecting on the
Eastside
Big-time investors rank Austin
commercial real estate among
best in U.S.

March 2015 Statistics

2,440 Single-family homes sold, 13 percent more than March 2014.

In the News:

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----------------------------------------------------------------------------------------On the Market

32080 Ranch Road 12

Dripping Springs, TX 78620
$350,000

1716 Fort Grant Drive

Round Rock, TX 78610
$305,000

12028 Montclair Bend

Austin , TX , 78732
$529,900

16203 Glorious Lane

Pflugerville, TX 78660
$225,000

2026 Westvalley Place

Round Rock, TX 78665
$385,000

3328 Cortes Place

Round Rock, TX 78665
$340,000