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Austin Real Estate News

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In the News:

AUSTIN, Texas December 19, 2014 The Austin-area continued to break

records in home sales and median price for single-family homes last month,
according to the November 2014 Multiple Listing Service (MLS) report
released today by the Austin Board of REALTORS (ABoR). In November,
home sales and median price were the highest ever recorded in the month
of November for the Austin area. During the month, single-family home sales
increased six percent over the prior year to 1,934 homes sold and the median
price for Austin-area homes was $245,000, an 11 percent increase from
November 2013.

Everything is bigger in Texas

including houses, report says
AISD closing in on South Austin
land buy, report says

Bill Evans, 2014 President of the Austin Board of REALTORS, explained,

As the new year approaches, demand for Austin-area homes remains
strong. Fortunately, listings are up year-over-year to meet some of that need,
but demand continues to outpace supply, placing a continued strain on
housing inventory and pushing up home values. Thats great news for Austin
homeowners looking to sell, but as weve discussed all year, it continues to
present challenges for affordability in our market. With the newly elected Austin
Mayor and City Council, ABoR looks forward to continuing to advocate for the
interests of all homeowners, ensuring our market can meet the needs of our
residents and Austinites can continue to afford property in this great city.
November 2014 Statistics

1,934 Single-family homes sold, six percent more than November 2013.

$245,000 Median price for single-family homes, 11 percent more than

November 2013.

$311,222 Average price for single-family homes, six percent more than
November 2013.

54 Average number of days single-family homes spent on the market,

three days longer than November 2013.

2,067 New single-family home listings on the market, five percent more
than November 2013.

5,561 Active single-family home listings on the market, nine percent

more than November 2013.

1,893 Pending sales for single-family homes, eight percent more than
November 2013.

2.4 Months of inventory* of single-family homes, 0.1 months more than

November 2013.

$601,903,348 Total dollar volume of single-family properties sold, 12

percent more than November 2013.

More student housing to spring

up along East Riverside in Austin
Interactive map: Where Texas
home values are rising and
falling
Redevelopment of former Austin
Energy downtown site into
condos adds partner, moves
ahead
Del Webb to build 2,400
more homes in Georgetown
development

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----------------------------------------------------------------------------------------On the Market

281 Bluff Street

Buda, TX 78610
$339,000

2108 Timberline Drive

Round Rock, TX 78665
$192,000

6405 Tanzanite Drive

Killeen, TX 76542
$249,000

4404 Water Oak Drive

Killeen, TX 76542
$129,000

3169 Thurman Road

Lago Vista, TX 78645
$1,100,000

102 Long Point Cove

Georgetown, TX 78628
$990,000