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John Crowe's Blog

By John Crowe | Broker in Austin, TX

Not Quite a Baker's Dozen

That's twelve, people. As in, Austin has experienced twelve consecutive months of real estate sales growth over the same month in the previous year. It's not complicated and, in fact, is readily apparent to anyone watching the market in this city. Some areas are moving at a much faster pace and with less inventory - Allandale has 7 homes currently for sale, Circle C shows 43. Both areas, and others like Crestview, Bouldin, Rosedale, Tarrytown and Wester Oaks, typically produce multiple offers on new listings. Enjoy the sales explosion in Austin, I don't know when it will slow. Fun to watch (and participate) in the moment. The latest numbers:   
  • Sales up 25% compared with May 2011 against 23% fewer listings (very similar to April data)
  • Pending sales up 20% in the same period
  • Inventory again at a low (though consistent) 4.4 months - a balanced market is traditionally at 6.5 months
  • TWELVE consecutive months of vast improvement over 2011 (and 2010) numbers
Thank you Austin Board of REALTORS (ABoR) for the numbers. 

Austin Board of Realtors - May Facts & Figures
Austin Board of Realtors - May Statistics

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