February 2012 - MLS Update

Austin continues to see an promising trend on home sales.

Units for Sale: (compared to February 2011)

New listings are up 9.15%.

Pendings are up 28.61%.

Solds increased by 11.98%

As for Average Prices:

The "New Listings" average list price is up 5.84% to $326,993.  In February 2011 the average list price was $308,936. 

Sold average sales prices increased 4.26% to $251,134.  For February 2011 it was $240,864.  

Real Estate: Week Review - Austin MLS

Units for Sale:
For March 4, 2012 - March 10, 2012 (compared to the same week in 2011)

New listings are down this week 1.35%.
Pendings are up this week 18.79%
Solds are up 39.53%

Average Prices  
For March 4, 2012 - March 10, 2012 (compared to the same week in 2011) 

Sold average sales prices increased 15.41% to $270,637.  In 2011 it was $234,508 for the same week.

FREE Foreclosure Prevention Phone-A-Thon

The Texas Department of Housing & Community Affairs is hosting a Free Foreclosure Prevention Phone-A-Thon on Tuesday, March 13, 2012

Target Audience: Delinquent and at-risk Borrowers

What: Homeowners have an opportunity to ask questions and obtain information about steps to start or continue the process to avoid foreclosure

When: 8:00 am - 8:00 pm CST, Tuesday, March 13, 2012

How: Call toll free: 1-866-989-6931

Host: Fannie Mae's "Know Your Options"

Team: http://www.knowyouroptions.com/

While this event will be broadcast live only in Dallas on NBC 5, calls will be accepted from anywhere in Texas.

Please help spread the word to those in your community who may be facing foreclosure!