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!