Austin Real Estate
Find the best properties in the Austin real estate market with Carl Shurr, your Austin real estate expert. Carl assists Buyers and Sellers throughout Central Austin, Lake Austin, Lake Travis, and the surrounding Hill Country. His experience, expertise, and dedication to his business mean results for you and the most outstanding customer service available.
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Update on the Austin Real Estate Market
--February 2012, by Carl Shurr
I just completed my month-end analysis of the Austin real estate market where I compared year-over-year January sales from the Austin Board of REALTORS®.
Austin Real Estate Market Snapshot
January 2011 vs January 2012
- $236,043,049 – Total dollar volume of single-family properties sold, 1% less than January 2011,
- $176,550 – Median price for single-family homes, 7% lower than January 2011,
- 1,051 – Single-family homes sold, 10% more than January 2011,
- 121 – Condos and town homes sold, 27% more than January 2011,
- 85 – Average Days on market, 8 days less than January 2011,
- 2,266 – New single-family home listings on the market, 6% fewer than January 2011,
- 6,557 – Active single-family home listings on the market, 19% less than January 2011,
- 1,638 – Pending sales for single-family homes, 16% more than January 2011.
- 4.1 – Months of inventory of single-family homes, 1.4 months less than January 2011.
The Spring-like weather has buyers hitting the streets and looking for deals early this year. Many of these buyers moved here over the past few years and rented while they waited for their homes to sell in other cities. Others are just now getting to Austin, but anxious to lock in a good deal before they are gone.
If you are in the market to buy you will want to get pre-qualified and be ready to act fast when the right home comes on the market. The best deals are gone in a matter of hours, sometimes with multiple offers, so send me your search criteria and I will set you up with a custom MLS search that will send you email alerts as new listings hit the market.
It's a good time to sell in most areas, as there are more buyers in the market and 19% fewer properties available to purchase. However, the market varies widely by area, so send me the details on your home and I will get busy preparing a comprehensive analysis of your home's value in today's market.
Thank you for taking the time to read my update. I would truly appreciate it if you would refer me to someone looking or send me the name of anyone in need of a customer service-oriented agent to help them buy or sell a home in Austin.