Buda’s Sold And Active Listings For September

Four Rivers Association of REALTORS® releases real estate statistics for September 2016

The Four Rivers Association of REALTORS® has recently released their market report for September 2016 and Buda’s market is strong. The median home price for the month of September was $269900, up slightly by 4% YOY. 

The number of homes sold and active listings increased in September. The number of sold listings increased by 15.6%, compared to this time last year, to 37 listings closing last month. Additionally, active listings in Buda increased a whopping 29.2% year-over-year to 93 listings in September 2016. 

In September 2016, the available housing inventory* in Buda increased by .3 months over September 2015 to 2.7 months. The Texas A&M Real Estate Center says that anything below 6.5% is considered a seller’s market.

Homes in Buda spent an average of 42 days on the market, 1 day more than September 2015. This is a strong indicator that the market in Buda is extremely active and fast-paced. 

September 2016 Statistics – Buda – As compared to September 2015 (YOY)

• 37 – Homes sold, 15.6 percent increase YOY
• $269900 – Median price, 4 percent increase YOY
• 2.7 – Monthly housing inventory, .3 months more YOY
• 42 – Average number of days homes spent on the market, 1 day more YOY
• 93 – Active listings, 29.2 percent increase YOY

Infographics for Buda and our surrounding communities can be found at FourRiversREALTORS.com and then hovering over the ‘for consumers’ menu item.

With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners. 

* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 mo.

Contact – For more information or additional comment about this report, please contact Amy DuBose, Four Rivers Association Executive, at amy@fourriversrealtors.com.

About the Four Rivers Association of REALTORS® – The Four Rivers Association of REALTORS® is a 501(c)6 non-profit membership  organization  established in 1960. With over 1450 members, the association supports REALTORS® and Affiliates from across five counties including Caldwell, Comal, Gonzales, Guadalupe, and Hays. The association is owner of the Central Texas Multiple Listing Service (MLS), a for-profit MLS system that covers the area between Austin and San Antonio. For more information, please go to FourRiversREALTORS.com.