10 July

Blog Post - Austin Real Estate Market in Serious Rebound Mode

Posted by Tom Bates

 

Here are some market stats pulled from Austin Title (thanks Leslie):
Units for Sale: (compared to the same week in 2011)

For July 1, 2012 – July 7, 2012
New Austin listings are up this week 15.74%.
Pending Austin listings are up this week 17.03%
Sold Austin listings are up 37.66%

As for Average Austin Prices: (compared to the same week in 2011)
For July 1, 2012 – July 7, 2012
Sold average sales prices increased 32.49% from $253,367 in 2011 to $335,682 today!

Current Austin pendings are up 23.19% compared to 2011. As of today, we have 4,186 pendings with an average list price of $267,725. Last year we had 3,398 pendings with and average list price of $257,855.

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