Month over month changes indicate that the market slowed based on Number of Housing Units Sold (Homes Sold) and Average Sales Price in January 2015. According to the Multiple Listing Service (MLS), the Austin, Texas Residential Real Estate Market reflected an decrease of -33% in Units Sold and no change at all in Average Price compared to December 2015.
When looking at the year over year numbers, we see that the current market is better than January 2014 based on Number of Units Sold. New Sales in January 2015 are 1,601 units compared to January 2014 when we had 2,761 units sold. We are selling at 2% more than this time last year.
Click one of the two links below for additional detailed January 2015 Statistics brought to you by Chicago Title Austin:
The number of Homes Sold decreased over the past month from 2,406 units in December to 1,601 units for a change of -33%.
The Average Sales Price decreased month over month from $306,896 to $306,561 for a small change of less than -1%.
- Areas 8E(13%) and 8W(30%) have shown an increase in Homes Sold in January 2015. 1B(-41) and 1A (-26) have shown a decrease in Homes Sold in January 2015.
- The top three areas for Homes Sales occurred in areas HU, GTE and LH.
- Some of the slower areas for Homes Sales include 5E, 3 and 9
In regards to days on market in January 2015, homes are spending an average of 68 days on the market, which is an increase from December at 63 days.