Monday, July 16, 2012

June 2012 Market Report for Austin Real Estate

The Austin Board of Realtors just released the finalized statistics for June and the numbers showed the Austin had another great month! In June, there was a +13.5% increase in sold listings vs. June 2011. That makes June the 6th consecutive month in 2012 that we have had an increase in sold units over 2011 – we have had a positive swing in EVERY month in 2012!

A few other numbers of interest… the average sale price in Austin is up 6.1% in June over 2011 to $278,720 and the average days on market shrunk to 55, a 25% decrease! Also, the percentage of sales price to list price is up to 97.8%. In short, homeowners are selling their homes more quickly and for closer to their asking price than last year! In total volume, over $745 million in real estate transactions were closed in June, a 20.5% increase.

Year-to-date, Austin is up 17% in number of units sold and up 21% in total sales volume. Austin’s market is HOT! 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®
Keller Williams Realty

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