Last year was a somewhat tumultuous year for real estate in the greater Austin area. Despite uncertainty from some analysts that created doubt about real estate growth in 2018, November housing sales numbers indicated another record year for the region. In Dripping Springs, the year ended with an increase in sales dollar volume for the year.
Throughout Dripping Springs, there was a total sales dollar volume of $201,258,130 in all of 2018. The year before, the total sales dollar volume for the city was $185,772, 846. The average sales price for homes in Dripping Springs reached $498,164 in 2018, up from $492,766 the year before. The number of homes sold reached 404 last year, with 377 home sold in Dripping Springs in 2017. Homes took an average of 98 days to sell in 2018 compared to 69 days to sell in 2017.
Overall, home sales statistics were down in the month of December. However, the last month of the year is typically not a time when home sales statistics are at their highest. Furthermore, home sales numbers have been uncharacteristically high in December for the last few years.
Homes took 105 days to sell in December compared to 93 days to sell the year before
In December, there were 27 total homes sold which is down from the 32 homes sold the year before
Dripping Springs sales dollar volume dipped to $15,498,169 from $16,320,929 the year before
There were 140 active listings in Dripping Springs in December 2018 compared to 137 the year prior
Reach out to David Brodsky Properties to learn more about real estate sales throughout the Austin region. You can also learn more about Dripping Springs real estate and consult with an Austin real estate strategist on your 2019 real estate goals.