MLS Statistics - September 2011

The Austin area housing market continues to see improvements.   The latest MLS (Multiple Listing Service)statistics for September 2011 show that for all areas of ACTRIS (Austin Board of Realtors), the number of listings sold is up 19.9% from this time last year, total volume is up by 22.3%.    The average sales price, $241,609 is up by 2.0%, when comparing September 2011 to 2010.  That is great news for home owners and should be a wake up for home buyers sitting on the sideline waiting for things to bottom out.  

These statistics will change depending on the area you live in.  Area CLS (78613- Cedar Park) is experiencing median sales price increase of 7.3% ($227,567), however volume is basically the same when comparing 2011 to 2010.

The takeaway.  With the continuation of job growth in Texas, we are see that growth impact the real estate market by increasing volume and sales.  New residents are consistently moving to the area.  With record low mortgage rates, it may be a great time to make that move up to your next home or purchasing your first.