Austin Texas Real Estate Market Update

Posted by Kent Redding on Monday, August 1st, 2016 at 5:23pm

 

Summer has been a very busy time of year as it always is in the Austin Texas Real Estate Market and with a few more weeks of summer left it’s time for us to take a step back and review how the real estate market did back in June of this year.

As of June 2016, the average list price for a home in Austin Texas was $369,791, an 11.2% increase from June 2015 and there were 4,738 homes for sale, an increase of 10% over the same time in the previous year.

Homes Selling Fast in Austin

One thing that most people know if they are searching for a home in Austin is that homes and properties here are selling fast but just how fast is the question?

Homes that were priced between $149,000 or under lasted for an average of 39 days on the market while Austin Texas Homes For Sale that was priced between $150,000 and $199,000 spent even less time on the market and were sold within an average of 19 days.

Price Range Variety

Besides the speed of the Austin Texas Real Estate market the good news is that there were still plenty of homes for sale, in all MLS areas, within every price range during the month of June:

$149,000 or under – 243 listings

$200,000 to $249,000 – 790 listings

$350,000 to $399,000 – 457 listings

$450,000 to $499,000 – 255 listings

$500,000 to $549,000 - 8 listings

$700,000 to $799,000 - 4 listings

$1 million to $1.99 million - 6 listings 

Search for Austin Texas Real Estate

The KentReddingGroup is the award-winning #1 Berkshire Hathaway Team in TEXAS and is recognized as one of top real estate teams in Austin, Texas.  We earned this position using the latest technology, marketing research, our education and industry involvement, community service and providing our customers with honest and exceptional service.  As one of the most innovative teams in the Austin Real Estate Industry we take a unique approach; a team.  Why a Team Approach?  We know that the power of many working toward the same goal is greater than the combination of individual efforts. It's synergy.  It's dynamic! 

With years of experience helping local buyers and sellers just like yourself here in Austin, Texas, we know how to locate the finest properties, new developments and negotiate so that our client gets the best deal for their money.  It is our job to know about the latest market conditions, government regulations, and upcoming developments — so that you don't have to.

We specialize in Austin Neighborhoods in all areas from North Austin, South, Central and West Austin including Tarrytown, Pemberton Heights, Barton Creek, Lakeway, Lake Travis, Senna Hills, Seven Oaks, Spanish Oaks, Rollingwood, Circle C and West Lake Hills.  You can also find us active in the surrounding communities of Bee Cave, Dripping Springs, Round Rock, Pflugerville and Lake Travis.

Source

Buy Or Sell An Austin Home Here

To get started with searching for Austin Texas Real Estate contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online. 

 

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