ShareAustin Real Estate Market Update July 2014 According to the latest MLS report from the Austin Board of REALTORS®, monthly housing inventory in July increased on a year-over-year basis for the first time in three years as more listings entered the market. Residential single-family home sales did dip in July, dropping 3 percent compared with the same month last year. However, the median and average prices for homes sold increased and Austin continues to be one of the top real estate markets in the country. July 2014 Austin Area Market Statistics 2,944 – Single-family homes sold, three percent less than July 2013. $250,000 – Median price for single-family homes, nine percent more than July 2013. $318,854 – Average price for single-family homes, seven percent more than July 2013. 39 - Average number of days single-family homes spent on the market, two days fewer than July 2013. 3,788 – New single-family home listings on the market, eight percent more than July 2013. 6,859 – Active single-family home listings on the market, 12 percent more than July 2013. 2,660 – Pending sales for single-family homes, four percent less than July 2013. 3.0 – Months of inventory* of single-family homes, 0.2 months more than July 2013. $938,706,176 – Total dollar volume of single-family properties sold, four percent more than July 2013. ABOR… >>
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