Home > Blogs > Texas > Travis County > Austin > SALES VOLUMES AND PRICES CONTINUE TO RISE IN AUSTIN
2,469 views

John Cotten's Blog

By John Cotten | Broker in Austin, TX

SALES VOLUMES AND PRICES CONTINUE TO RISE IN AUSTIN

Sales Volume and Prices Continue to Rise in Austin

Wonderful news again for real estate in Austin!  According to the Multiple Listing Service (MLS) report released this week by the Austin Board of REALTORS®, the sales volume and home prices of Austin-area properties continue to rise.  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 – that’s a 10 percent increase from the previous September.  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 – 1.7 months less than September 2011 and the lowest inventory figure seen in Austin in the last decade.

According to the Chairman of the Austin Board of REALTORS®, the Austin market hadn’t seen that many single-family homes sold since 2006.   Here are some highlights from the latest Austin Housing Market Statistics:

    • 1,806 – Single-family homes sold, 10 percent more than September 2011.
    • $198,250 – Median price for single-family homes, five percent more than September 2011.
    • 65 – Average number of days that single-family homes spent on the market, 16 days fewer than September 2011.
    • 2,130 – New single-family home listings on the market, six percent less than September 2011.
    • 6,812 – Active single-family home listings on the market, 20 percent less than September 2011.
    • 1,867 – Pending sales for single-family homes, 14 percent more than September 2011.
    • 3.7 – Months of inventory* of single-family homes, 1.7 months less than September 2011.
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer