Austin Real Estate – Sales Market Update March 2007

Real Estate prices continue the upward climb in Austin, though the number of homes sold is slowing somewhat. The number of homes sold is up 1% from March a year ago. The average sales price is up 4% and the Median sales price is up 6%. See the chart below and additional charts and info further down, including a link to Q1 appreciation breakdown by Austin MLS area.

Austin Sales Stats March 2007
Previous Month and Year Comparison
All MLS Areas - Houses Only

 
Feb 2007
Mar 2007
Mar 2006
Yr % Change
# Sold
1583
2161
2141
0.9%
Avg List Price
$245,601
$254,093
$243,986
4.1%
Median List Price
$184,700
$182,900
$172,500
6.0%
Avg Sold Price
$238,374
$246,685
$237,267
4.0%
Med Sold Price
$179,900
$179,500
$169,312
6.0%
Avg Size SQFT
2090
2099
2098
0%
Median SQFT
1913
1891
1891
0%
Avg $ per SQFT
$114
$118
$113
4.4%
Avg Days on Mkt
68
65
68
-4.4%
Median Days on Mkt
45
35
39
-11.4%

Below is Year-to-Date stats for Single Family Home sales.

Austin YTD Sales Stats Mar 2007
Year to Date with Previous Year Comparison
All MLS Areas - Houses Only

 
Jan-Mar 2006
Jan-Mar 2007
Yr % Change
# Sold
5135
5209
-0.5%
Avg List Price
$242,013
$251,472
3.7%
Median List Price
$174,449
$182,900
4.6%
Avg Sold Price
$234,972
$243,963
3.7%
Med Sold Price
$170,000
$179,000
5.3%
Avg Size SQFT
2095
2095
0%
Median SQFT
1904
1899
0%
Avg $ per SQFT
$112
$116
3.6%
Avg Days on Mkt
72
69
-4.2%
Median Days on Mkt
47
43
-8.5%

Below is the Year-to-Date stats excluding the new home sales. You’ll notice that the average and median sales prices are a bit lower, but the changes track about the same. I like to filter out the new homes when looking at appreciation because I think the new home sales can sometimes skew the number on the resale homes.

Austin Sales Stats (resale) Jan-Feb 2007
Year to Date Previous Year Comparison
All MLS Areas - Resale Houses Only - New Homes Excluded
 
Jan-Mar 2006
Jan-Mar 2007
Yr % Change
# Sold
4221
4283
1.5%
Avg List Price
$231,578
$240,431
3.8%
Median List Price
$169,000
$175,500
3.8%
Avg Sold Price
$225,359
$233,944
3.8%
Med Sold Price
165,000
$173,500
5.2%
Avg Size SQFT
2028
2019
-0.4%
Median SQFT
1850
1835
-0.8%
Avg $ per SQFT
$111
$116
4.5%
Avg Days on Mkt
66
60
-9%
Median Days on Mkt
42
36
-14%

The following link is to a pdf file with Jan-Feb 2006/2007 appreciation breakdown by Austin MLS area is a breakdown of sales data by MLS area. Sorry I can’t get the data into clean code that displays correctly in the blog, so I have to put up as a pdf file.

Austin Sales Market History

Posted by Steve
9 years ago
Steve

Steve is a Real Estate Blogger, Husband and Dad, UT Austin Grad, Runner, Real Estate Broker and owner of Crossland Team and Crossland Real Estate in Austin TX.

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