Best in Texas™: Explore ABOR’s June 2024 Market: Sales Down 16%, Find Out More by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of all single family sales reported to the Austin Board of Realtors June 2024. In about 60 seconds know more about the Greater Austin real estate market than almost anyone!

SUMMARY TABLE:

MONTHLY TREND: -16%

Predicted Monthly Trend: +6.09% increase from the previous month

Sales Net of Monthly Trend: -22.09% negative difference in actual vs. predicted

Total Sales:

Total Sales: 2,496
% Change from Prior Month: -16%
% Change Same Month Last Year: -17%

Total Net Sales Volume:

Total Net Sales Volume: $1,465,755,831
% Change from Prior Month: -17%
% Change Same Month Last Year: -20%

Net Sale Price per Square Foot:

Average: $252
- % Change from Prior Month: -3%
- % Change Same Month Last Year: -5%
Median: $221
- % Change from Prior Month: -1%
- % Change Same Month Last Year: -3%

Net Sale Price:

Average: $580,680
- % Change from Prior Month: -2%
- % Change Same Month Last Year: -4%
Median: $453,551
- % Change from Prior Month: +1%
- % Change Same Month Last Year: -4%
High: $6,000,000
- % Change from Prior Month: -20%
- % Change Same Month Last Year: +14%

List Price per Square Foot:

Average: $263
- % Change from Prior Month: -2%
- % Change Same Month Last Year: -4%
Median: $228
- % Change from Prior Month: -1%
- % Change Same Month Last Year: -3%

List Price:

Average: $606,397
- % Change from Prior Month: -1%
- % Change Same Month Last Year: -3%
Median: $469,250
- % Change from Prior Month: +1%
- % Change Same Month Last Year: -4%
High: $6,695,000
- % Change from Prior Month: -16%
- % Change Same Month Last Year: +3%

Discount from List Price:

Average Discount: -6.7%
- % Change from Prior Month: +28%
- % Change Same Month Last Year: +2%
Median Discount: -3.7%
- % Change from Prior Month: +25%
- % Change Same Month Last Year: +2%

Days from Listing to Escrow:

Average: 65 days
- % Change from Prior Month: +9%
- % Change Same Month Last Year: +3%
Median: 31 days
- % Change from Prior Month: +24%
- % Change Same Month Last Year: +19%

High Net Sale Price per Square Foot:

High Net Sale Price per SF: $2,200
- % Change from Prior Month: 0%
- % Change Same Month Last Year: +90%

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

High Net Sale Price:

High Net Sale Price: $6,000,000
- % Change from Prior Month: -20%
- % Change Same Month Last Year: +14%

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

ALEX knows more about Greater Austin area than just about anybody!

If you have any questions, I am always here. Just call, text or email me. Diane

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate