The Austin market continues to shine with unit sales increases for the past 10 months in a row!
When comparing the past 10 months of unit sales to the same 10 months in 2011 we have now completed our 10 month of increased sales with March ending at +15%. So far, this year 4,609 homes have sold in the greater Austin area. Inventory is down 22% which equates to 2,000 less homes on the market this year than there were last year. The current months of inventory stands at 4.5 months for Austin. The national figure is 6.2 months. The median home price for Austin is about $190,000 and represents a 10.5% increase since 2006. The national median home price is down 25% since 2006.