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What Can We Expect in the Austin Real Estate Market in 2015?



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Today I'm going to be giving a brief review of what happened in the Austin real estate market in 2014, and I'll also be forecasting what we can expect to see in 2015.

In 2014 we saw:
  • A 2% increase in home sales (27,000 sold)
  • Median home price increased by 8% over 2013 to $242,500 dollars
  • Average home price increased by 7% to $309,000
  • The average days on market decreased by 3%, placing it at 43 days
In 2015 we can expect property values to rise and inventory to stay tight, but the buyer demand will still be here. We have nearly 150 people a day moving to Austin, and that is going to generate quite a buzz in this market in 2015 and beyond. If you want to sell your home, it should not take very long on this market as long as it's presented well and marketed to the right buyers.

With this being said, please feel free to contact our team if you want to sell your home in Austin. We pride ourselves on strong presentation and great marketing. We would love to assist you!