Austin MLS, Nov 2023, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of Greater Austin single family sales reported to the Austin Board of Realtors for October 2023 as of November 2. 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) Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Specific Seasonal Trend Model (Seasonal Trend) applied to monthly sales.

SEASONAL TREND

2,224 sales:
- Up 1% from the previous month.
- Down 4% from the same month last year.
- Seasonal Trend predicted a 3.47% reduction from September 2023.
$1,263 billion total net sales volume:
- Down 3% from the previous month.
- Down 8% from the same month last year.

NET SALE PRICE

$431,375 median:
- Down 3% from the previous month.
- Down 6% from the same month last year.
$216 per square foot median:
- Down 2% from the previous month.
- Down 7% from the same month last year.
$561,890 average:
- Down 4% from the previous month.
- Down 4% from the same month last year.
$248 per square foot average:
- Down 3% from the previous month.
- Down 6% from the same month last year.

NET SALE PRICE DISCOUNT FROM LIST PRICE

5.3% median discount:
- Up 4% from the previous month.
- Down 7% from the same month last year.
8.1% average discount:
- Down 42% from the previous month.
- Down 42% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

43 median days:
- Up 8% from the previous month.
- Up 54% from the same month last year.
68 average days:
- Down 1% from the previous month.
- Up 61% from the same month last year.

LUXURY INSIGHTS

$11,470,000 high net sale:
- Up 14% from the previous month.
- Up 7% from the same month last year.
$1,314 per square foot high net sale:
- Down 7% from the previous month.
- Down 37% from the same month last year.
$12,950,000 high list:
- Up 23% from the previous month.
- Up 9% from the same month last year.
$1,481 per square foot high list:
- No change from the previous month.
- Down 12% from the same month last year.

ALEX REAL ESTATE STAT PACKS

Get any or all Stat Packs

ALEX Studios currently publishes 40 Stat Packs in the Greater Austin area. 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

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ALEX knows more about Greater Austin than just about anybody.

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

Be One of the Few Not One of the Many with ALEX.realestate

PS – If you are an Agent or Broker in Greater Austin and want to be one of the few armed with the best research including trend and net sale price statistics, marketing, leads, and White Glove Service for your clients and for you contact me! Diane

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