December 2019 WAP Market Report

December 18, 2019 by · Leave a Comment 

West Austin Properties Market Report for December 2019
1)  9% more homes sold last month, than one years ago.  Most ever for Austin November sales.   Compared to 5 years ago, total sales are up 27%
2) 9% more homes are Pending, compared to one year ago.  Compared to 5 years ago, current Pendings are up 26%
3) 10% less homes are for sale compared to one year ago.  The number of homes for sale compared to prior years had been increasing each month until May 2019.  Since May 2019 the number of homes for sale have been below 2018 and 2019.
4)  Average homes sold prices have risen 4.2% in the last year.  Median homes sold prices have seen a slight decline of .8% from one year ago.
5)  Average days on market for homes sold in November was 59 days.  One year ago the average days on market was 61 days.
6)  Today there are 2.6 Months of Inventory, defined as an Extreme Seller’s Market.  One year ago there were 3.2 Months of Inventory , defined as a Normal Buyer’s Market.


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