How is the Austin Real Estate Market Doing? The July Report…

The Austin Board of Realtors recently released its number for the month of July and they showed no indication of a slowdown in the local market. For the 7th consecutive month in 2012, July 2012 had more sold units versus the previous year, up almost 13% to 2462 units.

A few other numbers of interest…

  •  $277,186 – the average sales price in Central Texas, up 8.4%
  • 58 days – the average number of days a property takes to sell, down 21% from 73 days
  • 97.8% – the percent of list price that the average home sold for in July, up 1.1%
  • $125 – the average price per square foot a property sold for in July, up 5.2% from $119

These numbers all show a very strong market in Austin that is showing no signs of a slowdown! Please contact me if you are interested in receiving a free market analysis of your home or interested in buying a home. With historic interest rates available, now is a great time to buy a home!

Kyle Pfaffe, REALTOR®      e: KylePfaffe@kw.com      m: 512-636-9707      w: AustinHomes4You.com

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