You may want to Reference the Maps below when Reading the Residential Sales Reports.

Hows the Market?

A question that I often get in conversations that I have with home owners in the Austin area is How’s the Market?  If you own a home it’s logical that you want to know about market trends in your area and the city overall.  As a result, I offer a free service for Austin Home Owners to keep tabs on the trends in their subdivision.  If you are interested in receiving that information on a quarterly basis, please let me know.  Otherwise, here are the Austin Real Estate Market statistical reports and summaries offered by the Austin Board of Realtors.

September 2011 RECAP

Austin-Area Home Sales Volume Continues to Outpace 2010 - According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®, 1,681 single-family homes were sold in the Austin area in September 2011, which is 31 percent more than September 2010. During the same time period, the median price for Austin-area homes was $189,000, two percent less than the same month of the prior year.  Austin-area homes spent an average of 81 days on the market in September 2011, a figure that is unchanged from the same month of the prior year. The Austin market also featured six percent fewer new listings, 19 percent fewer active listings and 19 percent more pending sales than September 2010.   Read the full summary including market reports and Austin Real Estate Market Statistics for September 2011.

August 2011 RECAP

Austin Area Home Sales Up by More Than 30 Percent For Second Consecutive Month - According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®, 1,978 single-family homes were sold in the Austin area in August 2011, totaling a 33 percent increase from August 2010. During the same time period, the median price for Austin-area homes was $200,000, a figure that was unchanged compared to the same month of the prior year.  Austin-area homes spent an average of 79 days on the market in August 2011, which is two days longer than August 2010. The Austin market also featured nine percent fewer new listings, 22 percent fewer active listings and 19 percent more pending sales than August 2010.  Read the full summary including market reports and Austin Real Estate Market Statistics for August 2011.

JULY 2011 RECAP

Austin Area Home Sales Volume Up, Median Price Down in July 2011 -  According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, 1,973 single-family homes were sold in the Austin-area in July 2011, a 32 percent increase from July 2010. During the same time period, the median price for Austin-area homes was $196,750, resulting in an 11 percent decrease when compared to July 2010.  Judith Bundschuh, Chairman of the Austin Board of REALTORS®, commented, “We can now compare month-to-month sales activity to a market that is not influenced by last year’s homebuyer tax credits.”  Read the full summary including market reports and Austin Real Estate Market Statistics for July 2011.

JUNE 2011 RECAP

Sales Volume Up, Prices Steady for Austin-area Real Estate - Sales of single-family Austin homes were up nine percent in June 2011 compared to June 2010 with 2,145 single-family homes sold, according to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®.  In the same period, the median price for Austin-area homes was $205,000, the same as June 2010; and Austin homes spent an average of 75 days on the market, seven percent longer than June 2010. In addition, new listings were down four percent in June 2011 compared to June 2010, and active listings were down 18 percent.  Read the full summary including market reports and Austin Real Estate Market Statistics for June 2011.

MAY 2011 RECAP

Sales Volume Down, Price Up for Austin-area Real Estate -  According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®, 1,891 single-family homes were sold in the Austin area in May 2011, eight percent fewer than the same month of the prior year. At the same time, the median price for Austin area homes was $198,100, four percent more than May 2010.  Judith Bundschuh, Chairman of the Austin Board of REALTORS®, commented on the report, “We expected to see a continued fluctuation of sales this month since May 2010 was the peak month for last year due to the homebuyer tax credit deadline. What’s most encouraging, however, is that despite the decrease in sales volume, our real estate values have continued to appreciate, which indicates long-term strength in Austin’s real estate market.”   Read the Full Summary including market reports and Austin Real Estate Market Statistics for May 2011.

APRIL 2011 RECAP

Austin Home Sales Volume Down Due to Tax Credit; Price Continues to Slowly Rise – 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.”   Read the Full Summary including market reports and Austin Real Estate Market Statistics for April 2011.

MARCH 2011 RECAP

Homes Sales Volume Down Year-to-Year in March, Prices Continue to Hold Value – According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, the volume of single-family home sales decreased year-over-year, while the price of Austin area real estate remained stable in March 2011.   Specifically, 1,597 homes were sold in the Austin area last month, 10 percent fewer than March 2010, and the median price was $185,260, two percent more than the same month last year.  “Though some aspects of the real estate market have fluctuated in the last few years, one thing has remained steady for Austin and that’s price appreciation,” said Judith Bundschuh, Chairman of the Austin Board of REALTORS®.  Since June 2010, the median price for Austin area homes has been the same or greater each month when compared to the same month of the prior year. With only one exception—in May 2010, when the median price was two percent less than the prior year—that has been the case for the past 16 months in Austin.  Read the full summary including market reports and Austin Real Estate Market Statistics for March 2011.

FEBRUARY 2011 RECAP

Homes Sales Volume, Median Price Consistent From Year-to-Year- According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®, 1,112 single-family homes were sold in the Austin area in February 2011, a figure that is statistically unchanged from February 2010. In the same time period, the median price for single-family homes in Austin was $193,000, up two percent from February 2010, and homes spent an average of 98 days on the market, 27 percent longer than February 2010. In addition, new listings were down 24 percent in February 2011 compared to February 2010 and active listings were down eight percent.  Read the full summary including reports and Austin Real Estate Market Statistics.

JANUARY 2011 RECAP

Home Sales Volume up 14 percent in January Compared to 2010 - Sales of single-family homes in the Austin area were 14 percent higher in January 2011 than January 2010 with 975 homes sold, according to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®.  In the same time period, the median price in Austin was $190,000, up six percent from January 2010; and homes spent an average of 93 days on the market, 11 percent longer than January 2010. In addition, new listings were down 14 percent in January 2011 compared to January 2010 and active listings were down five percent, indicating a decreasing inventory of homes.  Read the full summary including reports and Austin Real Estate Market Statistics for January.