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What's Happening in the Austin Area Housing Market?
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AUSTIN REAL ESTATE MARKET REPORT
(updated September 9, 2011)
Though the Austin area economy remains much stronger than the national economy, the Austin real estate market is definitely seeing the effects of issues related to home sales and the tightening of lending practices. The impact is not as deep as it is in some locations nationally. There are still some difficulties ahead for home sellers, home buyers, Realtors® and lenders in the Austin and Central Texas area.
July 2011 Market Statistics
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$524,492,455 – Total dollar volume of single-family properties sold, 23 percent more than July 2010.
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$196,750 – Median price for single-family homes, 11 percent less than July 2010.
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1,973 – Single-family homes sold, 32 percent more than July 2010.
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77 – Days on market, five percent longer than July 2010.
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2,808 – New single-family home listings on the market, 13 percent less than July 2010.
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9,393 – Active single-family home listings on the market, 20 percent less than July 2010.
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1,994 – Pending sales for single-family homes, 28 percent more than July 2010.
Stats were provided by the Austin Board of REALTORS®. If you want stats related to a particular part of the Austin area, give me a call at 512.913.1557.
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