Record Set for Austin Home Sales and Prices for the Month of October

 According to the October 2014 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales soared 16 percent year-over year to 2,403 single-family home sales, the largest year-over-year increase in home sales to date this year and an all-time high for the month of October. Single-family home prices for the Austin area also set a record for the month of October. 

October 2014 Statistics

• 2,403 – Single-family homes sold, 16 percent more than October 2013.

• $240,000 – Median price for single-family homes, 11 percent more than October 2013.

• $311,028 – Average price for single-family homes, 11 percent more than October 2013.

• 50 – Average number of days single-family homes spent on the market, two days longer than October 2013.

• 2,850 – New single-family home listings on the market, 11 percent more than October 2013.

• 6,170 – Active single-family home listings on the market, 11 percent more than October 2013.

• 2,255 – Pending sales for single-family homes, nine percent more than October 2013.

• 2.7 – Months of inventory* of single-family homes, 0.2 months more than October 2013.

• $747,400,284 – Total dollar volume of single-family properties sold, 29 percent more than October 2013.

For more stats and information please visit ABOR.