Home Sales in Austin

Home Sales In Austin Reported Up By 34 Percent

Homes Sales in AustinRecent news from the Austin Board of Realtors has brought some positive statistics and trends in the real estate market to light. It seems, according to their report that home sales in Austin reached a record high in the month of September, particularly in light of the same month’s statistics last year. Real estate in Austin, Texas, according to the board’s report reflected a jump in homes sales at around 34%. The report further indicated that the significant increase reflects the largest differential in single family, Austin home sales since September of 2005.

Other statistics stipulated by The Board’s report focused on positive upswings  in the median price of Austin homes for sale closing in September. $223,000 commanded a whopping 13% increase over $197,500 last September. These statistics characterize a positive trend upward that appears set to continue in the coming months.

Further characterizing home sales in Austin are the specifics of data compared to September of 2005. This September homes sales peeked at 2,391. In 2005, sales peeked at 1,791. These figures add confirmation to the assessment of a very productive real estate market in Austin. Accompanying figures include and interesting dichotomy where 5,965 homes listed for sale were actually 12% fewer than in last September. Pending sales were up by 6 percent, and homes spent about 44 days on the market. Last September, they remained on the market about 66 days.

Pundits and economists find optimism in these facts and figures about home sales in Austin. Jim Gaines, a research economist at Texas A&M University’s Real Estate Center would be one of those encouraged. He stated recently that the Austin area could set a record for home sales this year. Also noted by Gaines, steady job growth and resident influx drive the current market. whose inventory falls short of the demand. The result is a definite sellers market trend.

If you would like to find out more about home sales in Austin, and stunning opportunities for home ownership in the current market, please contact a real estate professional at Mr. Dream Home, Atlas Realty today.

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