Austin MLS, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

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

THE ONLY SOURCE

ALEX is the only source of:

(1) Greater Austin Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Greater Austin monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 40 Markets in the Greater Austin Area.

(4) Comparative Monthly Trend and other analysis of multiple Markets in the Greater Austin Area. Georgetown comparative analysis initiated last month. Adding Round Rock and the Austin Counties this month comparing Bastrop, Bell, Burnet, Caldwell, Hays, Travis and Williamson Counties.

MARKET & TREND

2,092 total sales:
- Up 25% from the previous month.
- Up 4% from the same month last year.

Monthly Trend predicted a 23.2% INCREASE from last month.
Economic and supply/demand impact on sales: The 1.8% POSITIVE difference in actual vs predicted sales represents the economic and supply/demand impact on sales.
$1,150,505,978 total net sales volume:
- Up 29% from the previous month.
- Up 10% from the same month last year.

NET SALE PRICE

$435,058 median:
- Up 4% from the previous month.
- Up 2% from the same month last year.
$215 per square foot median:
- Up 2% from the previous month.
- No change from the same month last year.
$544,352 average:
- Up 4% from the previous month.
- Up 5% from the same month last year.
$247 per square foot average:
- Up 3% from the previous month.
- Up 2% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

5.0% median discount:
- Down 29% from the previous month.
- Down 39% from the same month last year.
7.9% average discount:
- Down 21% from the previous month.
- Down 29% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

66 median days:
- Up 5% from the previous month.
- Up 6% from the same month last year.
92 average days:
- Up 4% from the previous month.
- Up 16% from the same month last year.

LUXURY INSIGHTS

$7,545,000 high net sale:
- Up 47% from the previous month.
- Up 116% from the same month last year.
$1,004 per square foot high net sale:
- Down 81% from the previous month.
- Down 26% from the same month last year.

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ALEX Studios currently publishes over 40 Stat Packs in the Greater Austin area including comparative analysis of multiple areas. If you are interested in an area we are not currently publishing, or if you have any questions, contact me. I’m always available! Diane