March 2016 Statistics

AUSTIN, Texas – April 21, 2016 – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, Austin-area single-family home sales increased 9.3 percent to 2,552 home sales in March 2016 compared to the same month the year prior. Median single-family home price also increased 7.8 percent year-over-year, reaching $278,000 in March 2016.

March 2016 Statistics                    

  • 2,552 – Single-family homes sold, 9.3 percent more than March 2015.
  • $278,000 – Median price for single-family homes, 7.8 percent more than March 2015.
  • $347,734 – Average price for single-family homes, 4.5 percent more than March 2015.
  • 54 – Average number of days single-family homes spent on the market, unchanged compared to March 2015.
  • 3,633 – New single-family home listings on the market, 12.2 percent more than March 2015.
  • 4,669 – Active single-family home listings on the market, 1.5 percent more than March 2015.
  • 2,811 – Pending sales for single-family homes, 7.2 percent more than March 2015.
  • 2.0 – Months of inventory* of single-family homes, 0.2 months less than March 2015.
  • $887,419,074 – Total dollar volume of single-family properties sold, 14.1 percent more than March 2015.

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The data relating to real estate for sale on this web site comes in part from the Austin/Central Texas Realty Information Service (ACTRIS).

 

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Austin Northwest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.