April 2011 Austin Texas Real Estate Market Report
Austin Home Sales Volume Down Due to Tax Credit; Price Continues to Slowly Rise
View the Greater Austin Area Housing Market Supply Overview
View the Greater Austin Area Overall Real Estate Market Report
According to the most recent Multiple Listing Service (MLS) report, 1,690 single-family homes were sold in the Austin area in April 2011, 16 percent fewer than the same month of the prior year when the federal homebuyer tax credit expired. At the same time, the median price for Austin area homes was $196,400, three percent more than April 2010.
Judith Bundschuh, Chairman of the Austin Board of REALTORS®, commented on the report, “As has been the case for all of this year, comparisons of year-over-year sales volume are skewed due to last year’s homebuyer tax credits. That’s particularly true for this month, since the most expansive tax credit expired on April 30, 2010, creating a surge in demand that month.”
Austin Texas MLS Areas Market Report (4/11)
