Hello!Austin Real Estate News---------------------------------------------------------AUSTIN, Texas April 21, 2015 Austin-area single-family home prices hit an all-time high, while single-family home sales volume set a record for the month of March according to the March 2015 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS.

Barb Cooper, 2015 President of the Austin Board of REALTORS, explained, The Austin-area housing market is the least affordable it has ever been. Solving Austins affordability issues is not only dependent upon generating new, affordably-priced housing stock, but also preserving and maintaining Austins existing housing stock. The recent Zucker Report is yet another indicator that Austins city leadership needs to take significant steps to ensure that all of Austins residents live in safe, code-compliant homes and are able to quickly and easily make improvements to those homes.

Cooper concluded, Its encouraging to see how seriously Austins City Council is taking the findings of the Zucker Report. Now that Mayor Adler and Austins new City Council members are past their first 100 days in office, the Austin Board of REALTORS expects quick and decisive action on policies that will put a stop to Austins growing housing affordability issues. Were looking forward to working with city leaders on finding these solutions.

March 2015 Statistics 2,440 Single-family homes sold, 13 percent more than March 2014.

$255,000 Median price for single-family homes, 10 percent morethan March 2014.

$334,758 Average price for single-family homes, 13 percent morethan March 2014.

55 Average number of days single-family homes spent on themarket, four days more than March 2014.

3,402 New single-family home listings on the market, six percentmore than March 2014.

5,274 Active single-family home listings on the market, six percentmore than March 2014.

2,812 Pending sales for single-family homes, five percent more thanMarch 2014.

2.2 Months of inventory of single-family homes, statistically unchanged from March 2014.

$816,809,520 Total dollar volume of single-family properties sold, 28percent more than March 2014.

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