According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, single-family home sales in December 2011 outpaced the same month of the prior year for the seventh straight month, and year-end figures show momentum in Austin real estate heading into 2012.
In December 2011, a total of 1,581 single-family homes were sold in Austin, which is 11 percent more than December 2010. During the same time period, the median price for Austin homes was $187,940, which is one percent less than the same month of the prior year.
In December 2011, the inventory of Austin-area homes decreased to 4.1 months, which is 1.4 months less than December 2010 and the lowest figure reported since the organization began tracking the statistic in January 2009.
2011 Year-End Totals
19,220 – Single-family homes sold, seven percent more than 2010.
$193,000 – Median price for single-family homes, unchanged from 2010.
84 – Average number of days that single-family homes spent on the market, seven days more than 2010.
30,668 – New single-family home listings on the market, 12 percent less than 2010.
8,609 – Active single-family home listings on the market, 15 percent less than 2010.
21,002 – Pending sales for single-family homes, seven percent more than 2010.
$4,931,910,843 – Total dollar volume of single-family properties sold, nine percent more than 2010.
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