Austin Home Sales - July 2014

Austin-area home sales dip, year-over-year housing inventory rises

for first time in three years

Austin Board of REALTORS® releases real estate statistics for July 2014

AUSTIN, Texas – August 21, 2014 – After a double-digit surge in home sales last month, Austin-area home sales dipped 3% to 2,944 single-family home sales in July 2014, according to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS® (ABoR). This is the first decrease in home sales since May 2011. At the same time, monthly housing inventory increased on a year-over-year basis for the first time in three years as more listings entered the market.

Bill Evans, 2014 President of the Austin Board of REALTORS­®, explained, “July 2013 had the highest monthly home sales volume in Austin’s history, so we knew it was going to be a tough month to beat. However, there’s no denying that the Austin-area housing market has been impacted by issues in inventory and affordability. With such high demand, the Austin-area housing market cannot grow without an increasing, continually replenished housing stock, but that housing stock must also be affordable and attainable for Austin homebuyers.”

• 2,944 – Single-family homes sold - DOWN 3% from July 2013.


• $250,000 – Median price for single-family homes - UP 9% from July 2013.


• 6,859 – Active single-family home listings on the market - UP 12% from July 2013.

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