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

August 12, 2016 – The Four Rivers Association of REALTORS® has recently released their market report for August 2016 and Buda’s market is strong.  The median home price for the month of August was $230,000. down slightly by 11% YearOverYear.

The number of homes sold and active listings increased dramatically in August. The number of sold listings increased by 45.8%, compared to this time last year, to 35 listings closing last month.  Additionally, active listings in Buda increased a whopping 47.8% year-over-year to 99 listings in August 2016.

In August 2016, the available housing inventory* in Buda increased by .7 months over August 2015 to 3.0 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 33 days on the market, 2 days more than August 2015.  This is a strong indicator that the market in Buda is extremely active and fast-paced.

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

• 35 – Homes sold, 45.8 percent increase YOY
• $230000 – Median price, 11 percent decrease YOY
• 3.0 – Monthly housing inventory, .7 months more YOY
• 33 – Average number of days homes spent on the market, 2 days more YOY
• 99 – Active listings, 47.8 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 home ownership affordable, and promote public policies that benefit homeowners.

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