Tarrytown Real Estate Market Update – September 2018

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Tarrytown Real Estate Market Update – September 2018

Summer 2018 in Review.

At the end of the summer I like to provide a comparison of the summer buying season with past years.  I use the dates corresponding to the AISD summer schedule, which this year lasted from May 31st – August 19th.  Below are some highlights as well as table and graph for a sense of the trends.

 

 

Highlights:

  • Number of transactions was higher than the previous 5 years, and up 20% over summer 2017
  • Median list prices were flat with 2017, and median sold prices were up nearly 5%
  • Median days on market was down roughly 50% vs. 2017, and the lowest since the summer of 2013
  • The distribution of sales throughout the summer was more even than it was last year. In 2017, over 50% of all transactions occurred in June.  In 2018, the distribution was 38% in June, 38% in July, and 24% in August.

 

Note:  All data comes from the Austin Board of Realtors’ MLS report, reflecting activity through August 19, 2018.

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