Home Sales Volume up 14 Percent in January Compared to 2010

View the Greater Austin Area Housing Supply Overview

View the Greater Austin Area Overall Housing Market Report

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.

“The latest figures show that we are seeing the economic recovery continue in Austin,” said Judith Bundschuh, Chairman of the Austin Board of REALTORS®.

Austin Texas MLS Areas Market Report (1/11)

Austin Texas Regions Market Report (1/11)