Best in Texas™: Exploring April’s Surging Real Estate Trends in Greater Austin by ALEX.realestate

ALEX Labs just completed analysis of all single family sales reported to the Austin Board of Realtors for April 2024. In about 60 seconds know more about the Greater Austin real estate market than almost anyone!  NOTE: Greater Austin is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market. You can view every listing from every MLS in Greater Austin on ALEX. SUMMARY TABLE: MONTHLY TREND:  MONTHLY TREND: +6%Predicted Monthly Trend: -2.12% DECREASE from prior monthSales Net of Monthly Trend: A +8.12% POSITIVE difference in actual vs predicted sales TOTAL SALES: 2,766 Up 6% from the previous month.Up 11% from the same month last year. TOTAL NET SALES VOLUME: $1,675,887,226 Up 12% from the previous month.Up 15% from the same month last year NET SALE PRICE PER SF: $262 per square foot average:Up 4% from the previous month.No change from the same month last year. $224 per square foot median:Up 4% from the previous month.No change from the same month last year. NET SALE PRICE: $600,342 average:Up 6% from the previous month.Up 4% from the same month last yea $452,463 median:Up 4% from the previous month.No change from the same month last year. LIST PRICE PER SF: $271 per square foot average:Up 3% from the previous month.No change from the same month last year $230 per square foot median:Up 3% from the previous month.No change from the same month last year. LIST PRICE: $621,447 average:Up 5% from the previous month.Up 3% from the same month last year. $470,000 median:Up 4% from the previous month.Down 1% from the same month last year. DISCOUNT FROM LIST PRICE: -5.5% average discount:Up 17% from the previous month.Down 26% from the same month last year. -2.9% median discount: Up 21% from the previous month.Down 30% from the same month last year. DAYS FROM LISTING TO ESCROW: 70 average days on market:Down 13% from the previous month.Down 1% from the same month last year. 27 median days on market:Down 41% from the previous month.Down 23% from the same month last year. HIGH NET SALE PRICE PER SF: $1,121 Down 62% from the previous month.Down 82% 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 HIGH NET SALE PRICE: $8,000,000 No change 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 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, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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