Home Sales Continue to Show Increases in Austin Area

July 2012 Multiple Listing Service Data:

Units for Sale: (compared to July 2011)
New listings are up 9.67%.
Pendings are up 18.66%.
Solds increased by 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.

Did you know...that we had 10,720 active listings during the same week in 2011?  Today we have 8,941 active listings!  That is a 16.60% decrease from 2011.

MLS Monthly Review - May 2012

Preliminary May 2012 Data:

Units for Sale: (compared to May 2011)
New listings are up 4.32%.
Pendings are up 18.85%.
Solds increased by 18.98%

As for Average Prices:

The "New Listings" average list price is up 1.14% to $330,674.  In May 2011 the average list price was $326,947.

Sold average sales prices increased 2.24% to $270,090.  For May 2011 it was $264,169.


Did you know...that we had 11,454 active listings during the same week in 2011?  Today there are 9,009 active listings!  That is a 21.35% decrease from 2011.


What does this mean?  Demand is slowing building.  For some areas of Austin, sellers are having the benefit multiple buyers submitted offers to buy their property.  This creates an auction effect, driving up the sales price of the home.  We are seeing this more and more in the Austin area.


Do you have a questions about listing your home for sale or how to purchase a property?  Please contact me.

Preliminary MLS Data - April 2012

Preliminary April 2012 Data: 
Units for Sale: (compared to April 2011)

• New listings are up 1.86%.
• Pendings are up 27.40%.
• Solds increased by 5.76%

 As for Average Prices:

• The "New Listings" average list price is up 4.74% to $336,915.  In April 2011 the average list price was $321,670. 
• Sold average sales prices increased less than 1% to $270,952.  For April 2011 it was $270,571.  

Did you know...that we had 11,315 active listings during the same week in 2011?  Today there is 8,756 active listings!  That is a 22.62% decrease from 2011.

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.

December MLS Statistics - Austin Area Homes Sales Outpace Prior Year for 7 Straight Months

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.

MLS Stat's - Austin & Cedar Park TX

Austin and the surrounding areas continue to see steady progress in home sales in the month of August. Comparing all areas feeding in to the Austin Board of REALTORS & (ACTRIS), there is no change in median price range from August 2010 to August 2011, but a slight increase in price sold (.3%). But compared to volume of listing sold from this year to last is up 21.8% & sales volume is up to 19.5%.

When compared to area CLS, which is basically 78613, or Cedar Park. The median list price is up by 2.1% to 214,250 and sold list is up 3.8% $207,500. Comparing the volume of listing sold from this year to last is up 17.3% & sales volume is up to 11.2%. We are seeing increase in sold & listing pricing in Cedar Park, even with 1 and 456 homes in Cedar Park had a foreclosure notice served.

Williamson County is one of the fasting growing counties in Texas. More people are moving in than leaving, which is great for our community. If you have any questions about the MLS statistics or about real estate in general, please feel free to contact me.

June MLS Stats - Austin

The latest stats continue to show small gains on list price & sold price in the Austin area, up 2.5% & 0.5% when compared to the same time last year. The volume of sold listing are too about the same when compared to last year, and remember last year at this time we were just coming out of the Federal Tax Credit. While it not great numbers, Austin is still seeing, overall, gains.



To find out more about homes in your neighborhood, please click here.

Austin Statistics: April 2011

In reviewing the month of April, it’s a mixed bag. Austin is continuing to see an upward pressure on closed sales transactions but the volume is off by 22%. There is much in the economy that gives buyers and seller’s pause, but a recent article I read on the Wall Street Journal (April 7, 2011) is something to consider. The housing industry has benefited for some time from historic lows in interest rates; I feel that consumers assume they will remain as such. Jeffery Lacker of the Federal Reserve recently stated that “inflation risks during the past six months have “picked up,” having increased “appreciably”. If the Fed has to tighten their monetary policy, interest rates may increase. If mortgage interest rates increase, buyers will lose buying power, hence putting new pressure to reduce the price of a home. We may be coming to an end of the historic low interest rate.

Austin Statistics: A Year in Review

In reviewing the prior year, it tells me the Austin market is strong.

In the past few months, we've seen a consistent increase in list price & sales price. In addition, we are seeing an increase in opportunity at the 300K and above. Indicating that homeowners who have the ability to move up and right now, have the opportunity to move in to a great new home and current lows. To find out more about your neighborhood, click here.

Austin MLS Statistics - December 2010

Similar trend to what we've seen in the last couple of months in Austin. List/Sales prices are increasing, days on market are increasing but # of sales compared month to month are down 2.1%, Austin is still strong in the housing market but with a steady unemployment rate nationwide we are seeing a slow recover.

Austin MLS Stats: October 2010

Still experiencing consistent increase year to year comparisons. October, in Austin, listing price increase 7.6% from the same time last year and sold price increased 7%. It is still taking longer to sell the homes, average days on market is 66.

August Real Estate Statistics

For the homes that sold in August, we experienced an increase in sales price and square footage compared to August 2009. 1,568 listings closed for the month of August as well, 80% of the sold homes were $350K or less. The significant difference between this and last August is the volume. of transactions, however year today we are up 3.6%.



Based on information from the Austin Board of Realtor (ACTRIS). All data is provided as is. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

June Market Statistics: Austin Texas

Days on market dropping and sold prices are rising. Austin looking good in June!

October 2009: Austin Market Stat's

The number of sold listings jumped almost 28% from this time last year which is good news for the Austin market. We are also seeing a reduction of Days on Market (DOM) which is also good for sellers. Time will tell on the impact of the extension & expansion of the Home-Buyers Tax Credit.

September MLS Austin Stats

Austin in still holding steady in the current market. The most recent MLS stat's reflect the impact of the first time home buyers. The median home price rising by .5% and days on market dropping to 47.

Austin Market Stats: May 2009

Austin Market Stats - April

Austin Market Stats - March