Sales Volume and Prices Continue to Rise in Austin
Wonderful news again for real estate in Austin! Â According to the Multiple Listing Service (MLS) report released this week by the Austin Board of REALTORSÂ®, the sales volume and home prices of Austin-area properties continue to rise. Â September 2012 became the 16th straight month of sales volume increases and eighth straight month of median price increases in the Austin area.
The report also noted that a little more than 1,800 single-family homes were sold in the area â€“ thatâ€™s a 10 percent increase from the previous September. Â During the same time period, the median price for Austin-area homes increased by five percent to $198,250.
The Austin real estate market also had a 3.7 months of inventory for September 2012 â€“ 1.7 months less than September 2011 and the lowest inventory figure seen in Austin in the last decade.
According to theÂ Chairman of the Austin Board of REALTORSÂ®, the Austin market hadnâ€™t seen that many single-family homes sold since 2006. Â Here are some highlights from the latestÂ Austin Housing Market Statistics: