The details
Home sales were down year over year for several areas across the Lake Travis-Westlake area in October, with the largest decrease in ZIP code 78734, where home sales decreased 25%.
The largest increase in home sales was in ZIP code 78738, with an increase of 27.9%.
ZIP code 78732 experienced the largest increase in the average number of days homes spent on the market, with a 61.7% increase.
The largest decrease in the average number of days homes spent on the market was in ZIP code 78730, which had a 41.5% decrease.
Diving in deeper
The median home sales price in ZIP code 78733 increased 66.1% compared to the previous year in October, bringing the median sale price to $1.37 million.
The largest median home sales price decrease was in ZIP code 78730 with a 29.8% decrease.
By price point, the highest number of homes over $900,000 were sold in ZIP code 78738, followed by ZIP code 78746.
What else?
Home sales were slightly down from the previous year in October, while the average price per square foot was up $17 in that same time frame.
Months of inventory across the Lake Travis-Westlake area remained steady year over year at seven months.
This measure is used to describe how long it would take for the amount of homes on the market to be sold, according to the National Association of Realtors. Six months of inventory indicates properties may slowly become more valuable over time, while less than six months may mean home prices are rising more rapidly, per the NAR.
See market data for September here.
