The fourth quarter showed an early demand for single-family homes around the Austin-area. This demand led to a record-breaking month for homes sales and sales dollar volume. In fact, according to the October 2018 Central Texas Housing Market report released by the Austin Board of REALTORS®, both home sales and sales dollar volume were the highest on record for any October. While there continues to be an increased demand for single-family homes across Austin, there also is a lack of inventory - indicating the Austin-area market is still prime for sellers. What should you know as a resident of the area? Here's a look at the details:

 

 

Austin-Round Rock MSA

·      2,347 home sales - a 4.3 percent increase from October 2017 AND the highest number of sales for any October

·      $900 million in sales dollar volume – a 8.8 percent increase year-over-year

·      $308,355 median home sales price - a 7.5 percent increase from October 2017

·      2,871 new listings – 3.7 percent increase year-over-year

·      7,434 active listings – an 8.2 percent increase year-over-year

·      2,444 pending sales – 2.8 percent increase from October 2017

·      2.9 months of inventory

 City of Austin

·      735 home sales – a 7.8 percent increase year-over-year

·      $343 million in sales dollar volume – an 11.9 percent increase from October 2017

·      $377,000 median home sales price – a 3.7 percent increase from October 2017

·      878 new listings – a 5 percent increase year-over-year

·      1,643 active listings – a 5.4 percent decrease year-over-year

·      711 pending sales – a 2.2 percent decrease from October 2017

·      2.1 months of inventory

Travis County

·      1,176 home sales – a 6.2 percent increase year-over-year

·      $537 million in sales dollar volume – a 10.9 percent increase from October 2017

·      $358,540 median home sales price – a 5.5 percent increase year-over-year

·      1,417 new listings – a 5.1 percent increase year-over-year

·      3,374 active listings – a 1.2 percent increase from October 2017

·      1,198 pending sales – a 3.3 percent increase year-over-year

·      2.6 months of inventory

Hays County

·      280 home sales – an 8 percent increase year-over-year

·      $93 million in sales dollar volume – a 9 percent increase from October 2017

·      $250,000 median home sales price – a 2 percent decrease year-over-year

·      370 new listings – a 26 percent increase year-over-year

·      1,039 active listings – a 19 percent increase from October 2017

·      291 pending sales – a 4 percent increase year-over-year

·      3.5 months of inventory

 

Click here for additional information about our local real estate market.

 

The lack of inventory and rising home prices make NOW the ideal time to sell! Are you thinking about selling? Contact Resident Realty today! We have the team of professional that’ll get your home SOLD – no matter the season!