August 2015 Market Stats Update!

August 2015 was yet another record-breaking month in the Austin, TX real estate market.  According to the Austin Board of Realtors’s Residential Market Report, “Home prices were up during summer across the nation in year-over-year comparisons. With the economy on full mend, Federal Reserve Chair Janet Yellen has predicted a fine-tuning of monetary policy before the year ends. In tandem with the improved economy, the unemployment rate for July 2015 remained at 5.3 percent for the second month in a row. It is widely believed that interest rates will go up before the year is over. Generally, this does not happen without careful consideration for the impact such a move will have on residential real estate.”

Comparison of the basic numbers from this August and last August.

Two quick facts not in the video:
  • The most expensive region in Austin for August was West/Westlake. (Median sales price:  $540,000)
  • The least expensive region in Austin for August was Southeast. (Median sales price:  $180,300)

Check out the video below where I break down some of the numbers!  (If the video doesn’t show up, check it out here on my YouTube Channel.)

Barrett Raven
C:  512-970-2648
O:  512-910-7403

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