The July housing statistics have been released for Texas and the U.S. Low inventory across much of the country has caused a slow down in the number of homes sold in July compared to that of a year ago. November 2015 was the last time we experienced a year-over-year decline in homes sold. We’ve been having similar struggles here in the Austin area with low inventory and affordability. Check out the July housing statistics for Austin here.
If you have plans to sell, let’s take advantage of this time of low inventory to snag an eager buyer. Please contact me via email, by phone at 512-650-7300, or by using the comment box at the bottom of this page.
| Number of Homes Sold | 2016 | 2015 | Change |
| July | 30,596 | 33,103 | -7.6% |
| Year-to-Date | 187,378 | 181,240 | 3.4% |
| Price of Homes Sold | |||
| July Median Price | $216,000 | $202,000 | 6.9% |
| July Average Price | $265,621 | $258,682 | 2.7% |
| Housing Inventory | |||
| Months Supply | 4.0 | 3.9 | 2.6% |
| # Homes for Sale | 105,223 | 100,148 | 5.1% |
| Number of Homes Sold | 2016 | 2015 | Change |
| Month (actual) | 514,000 | 551,000 | -6.7% |
| Month (seasonally adjusted annual rate) | 5,390,000 | 5,480,000 | -1.6% |
| Compared to June 2016, sales were down 11.7% for actual sales and down 3.2% on a seasonally adjusted basis. | |||
| Price of Homes Sold | |||
| July Median Price | $244,100 | $231,800 | 5.3% |
| July Average Price | $285,900 | $275,900 | 3.6% |
| Housing Inventory | |||
| Months Supply | 4.7 | 4.9 | -4.1% |
| # Homes for Sale | 2,130,000 | 2,260,000 | -5.8% |
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