Hi Austin area homeowners. I’m Eric Peterson Broker of Kopa Real Estate. Let’s review the most recent Austin real estate statistics.
In September there were 3,437 homes sold which is down 10% from last year.
The average sold price was up 22.7% from last year but down 2% from August.
The median price was $463,000, up 34.2% from last year but down 5% from August.
The average sold price to original list price was 101.4%. That means homes were selling on average for 1.4% over list price.
The average days on the market is 16 days, still down considerably from last year at 39 days but up 2 days from August.
Overall homes are still selling fast and we are still in a strong sellers’ market although not quite as hot as earlier in the year.
If your plans include selling in the next year you will want to attend one of our Free Virtual Home Selling Workshops. Register at KopaWorkshop.com.
*Statistics courtesy of the Austin Board of Realtors and Independent Title.
If you want to keep up with where the market is going watch the number of “Active” listings. These are homes that have been put up for sale and not yet under contract. More active listing means buyers have more to choose from and may not make offers with a price as high as they would have if there were fewer choices.
It is important to watch the trends and how they compare to previous years. Take a look at this chart of Active listings over the last 3 years. If you take a look at last summer, you see where the number of Active listings took a nosedive and continued until this summer. It’s no wonder the market spiked when buyers only had 25% of the typical number of homes to choose from earlier this year. The current trend shows the Active listings increasing but still well below 2019 levels.
If you would like to know what your home can sell for or you’d like to talk about your real estate related plans call/text me at 512-791-7473.
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