Best in Texas™: ABOR August 2024 sales down just 1.24 percent from expected monthly trend and other insights from ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of the Greater Austin single family sales reported to the Austin Board of Realtors for August 2024. In about 60 seconds know more about the Greater Austin real estate real estate, the data, research and analysis than just about anybody.

ALEX’s Stat Packs are the ONLY source for “Net Sale Price” statistics AND the ONLY source for “ABOR specific” monthly trend analysis applied to Greater Austin and over 45 other Greater Austin Area markets. They are produced each month. And they are free! Get one or all today!

SUMMARY TABLE:

MONTHLY TREND: -4.53%

Predicted Monthly Trend: -3.24% decrease from the previous month
Sales Net of Monthly Trend: -1.29% negative difference in actual vs. predicted

Total Sales: 2,549

Down 5% from the previous month
Down 6% from the same month last year

Total Net Sales Volume: $1,470,512,380

Down 5% from the previous month
Down 7% from the same month last year

Net Sale Price per Square Foot:

Average: $249
- Down 2% from the previous month
- Down 4% from the same month last year
Median: $214.00
- Down 2% from the previous month
- Down 5% from the same month last year

Net Sale Price:

Average: $569,468
- Down 1% from the previous month
- Down 2% from the same month last year
Median: $429,900
- Down 3% from the previous month
- Down 6% from the same month last year
High: $8,100,000
- Up 59% from the previous month
- Up 16% from the same month last year

List Price per Square Foot:

Average: $261
- Down 1% from the previous month
- Down 3% from the same month last year
Median: $223
- Down 2% from the previous month
- Down 4% from the same month last year

List Price:

Average: $597,692
- No change from the previous month
- Down 1% from the same month last year
Median: $449,950
- Down 2% from the previous month
- Down 5% from the same month last year
High: $8,500,000
- Up 57% from the previous month
- Up 10% from the same month last year

Discount from List Price:

Average Discount: -8.7%
- Up 22% from the previous month
- Up 26% from the same month last year
Median Discount: -5.4%
- Up 25% from the previous month
- Up 23% from the same month last year

Days from Listing to Escrow:

Average: 70.87 days
- Up 9% from the previous month
- Up 18% from the same month last year
Median: 44 days
- Up 22% from the previous month
- Up 29% from the same month last year

High Net Sale Price per Square Foot:

High Net Sale Price per SF: $1,100
- Down 87% from the previous month
- Down 44% from the same month last year

High Net Sale Price:

High Net Sale Price: $8,100,000
- Up 59% from the previous month
- Up 16% from the same month last year

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors