Real Estate Update: August 2016

Here is the latest info graphic from the Austin Board of Realtors, on the rise in Austin area Real Estate--year over year for August 2016.

While I don't feel one month's look at the numbers is a adequate method to determine market conditions (rise or fall of a market), the Greater Austin area real estate market has been performing relatively consistently for some time now, so this data capture does reflect the direction and mood of our real estate climate.

Big take-aways:
  • Available inventory of homes is still EXTREMELY low
  • Pending sales to active sales ratio is very high
  • Sales volume was over $1B for the month!
  • Median home values continue to float upward

This graphic was provided and published by the Austin Board of Realtors (ABOR). All rights reserved by the owner of this info graphic.

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