Thursday, January 3, 2013

Austin Market Stats - January 2013

AUSTIN AREA MARKET STATISTICS
NOVEMBER 2012

Homes Sold: 1,671 - DOWN 7.5% from SEPTEMBER 2012

Median Sales Price: $200,000 - UP .5% from SEPTEMBER 2012

Days on Market: 67 - UNCHANGED from SEPTEMBER 2012

Active Listings: 5,737 - DOWN 16% from SEPTEMBER 2012

 - Source: Austin Board of Realtors

Leonard Guerrero, Chairman of the Austin Board of REALTORS®, explained, “The typical lull of the Thanksgiving holiday did not slow down the Austin real estate market. This is the strongest November housing market we’ve seen since the recession.”

What a great time to buy! Interest rates are still really low and prices haven't gone up much but given the low inventory (active listings) we are looking at a switch to a seller's market.

Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.

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