​ Understanding the real estate market dynamics is essential for buyers, sellers, and investors. The recent data on city-specific property activity sheds light on the trends that are shaping various regions. The activity index plays a pivotal role in this analysis, measuring the pace at which properties are being listed, moved to pending status, and sold. It offers a clear picture of market vibrancy; higher numbers signal robust turnover and an active market, while lower numbers reflect more stability or less movement. <a href="https://drive.google.com/file/d/1SZ7gkPN9gzcrWXNqA1FrI6RvKaeDhQ43/view">Click here for a full activity index report on the greater Austin area!</a> In Austin, for example, 3084 active listings with an average price of $648,545 and a median of $500,000 showcase a diverse range of options. The pending sales numbers at 972 indicate significant buyer engagement, with average and median pending prices at $533,790 and $453,500 respectively. The 180-day sold data highlights a total of 4156 properties sold, with an average price of $615,519 and a median of $494,750. Austin's activity index stands at 7.97, showing a high level of market activity.Round Rock shows substantial movement with 649 active properties averaging $449,652 and a median of $425,000. The 279 pending listings have an average price of $464,049 and a median of $431,990. A total of 672 homes sold in 180 days, averaging $452,823 with a median of $421,990. Round Rock's activity index is 5.90, demonstrating a consistent turnover rate.In Cedar Park, the active inventory includes 143 properties with an average price of $568,813 and a median of $530,000. Pending sales are marked at 37 with an average of $598,029 and a median of $519,500. In the past 180 days, 146 homes were sold, averaging $555,101 and a median of $499,950. The activity index for Cedar Park is 5.74, reflecting steady market conditions.Manor's data reveals 202 active listings with an average price of $377,183 and a median of $350,000. Pending properties number 52, with averages at $345,012 and a median of $335,500. The 180-day sold total includes 186 properties, averaging $344,440 and a median of $319,500. The activity index in Manor stands at 7.77, suggesting a relatively brisk market.The activity index is crucial for market analysis, providing insight into how active or slow the real estate market is within a city. High activity index numbers indicate vibrant markets with quick property turnover, while lower numbers signify more balanced or slower markets.

Explore detailed real estate market trends for various cities, highlighting active listings, pending sales, and sold properties. Understand the significance of the activity index in measuring market vibrancy and turnover.

Understanding Real Estate Market Activity Index: City-by-City Overview

City-by-City Overview on Activity Index

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City-by-City Overview on Activity Index

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