Here are some great stats for Austin and the surrounding area.
The Week of Aug. 10-25, 2012 in Review:
Units for Sale: (compared to the same week in 2011)
New listings up 5.42%.
Pending sales up 21.15%
Solds up 4.70%
As for Average Prices: (compared to the same week in 2011)
Sold average sales price increased 12.60% from $250,342 in 2011 to $281,882 today!
Current pending sales are up 28.54% compared to 2011. As of today, we have 3,756 pendings with an average list price of $259,071. Last year we had 2,922 pendings with and average list price of $244,651.
Current active listings are down 16.87% compared to 2011. As of today, we have 8,836. Last year we had 10,629.
The Month of July 2012 in Review:
Preliminary July 2012 Data:
Units for Sale: (compared to July 2011)
New listings up 9.67%.
Pending sales up 18.66%.
Solds up 24.35%
As for Average Prices:
The "New Listings" average list price is up 2.65% to $304,219. In July 2011 the average list price was $296,359.
Sold average sales prices increased 7.58% to $276,822. For July 2011 it was $257,322.
Available Inventory of Homes
We had 10,629 active listings during the same week in 2011. Today we have only 8,836 -- a 16.87% decrease from a year ago (when inventories were down from the year before).