Preliminary MLS Data - March 2012

Units for Sale: (compared to March 2011)
New listings are down 7.90%.
Pendings are up 19.39%.
Solds increased by 16.46%

As for Average Prices:
The "New Listings" average list price is up 3.66% to $342,713.  In March 2011 the average list price was $330,627.

Sold average sales prices increased 6.14% to $258,863.  For March 2011 it was $243,878.

What does this mean?  We are seeing a steady number of buyers coming to the market, but listings are not coming on the market at the same pace as last year.  The homes that are ready to sell and price right are selling quick.

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.