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Austin, Texas home sales were up about 7% area wide in 2011 vs. 2010. Some Austin neighborhoods saw even bigger sales increases. Austin condos had a 1% sales increase. Many price segments and neighborhoods saw prices higher vs. 2010, while some remained flat. The luxury market firmed again as higher priced homes in Central & West Austin, as well as Westlake, drew higher prices than the year before. Inventory has changed quite a bit in the last 12 months. The number of homes for sale continues to shrink as the number of homes for sale is 15% lower than a year ago. It would take … (3 comments)
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