Below are the Austin, Texas area Market Statistics for December 2011.
According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, single-family home sales in December 2011 outpaced the same month of the prior year for the seventh straight month, and year-end figures show momentum in Austin real estate heading into 2012.
In December 2011, a total of 1,581 single-family homes were sold in Austin, which is 11 percent more than December 2010. During the same time period, the median price for Austin homes was $187,940, which is one percent less than the same month of the prior year.
Austin homes spent an average of 89 days on the market in December 2011, nine days less than the same month of the prior year. The Austin real estate market also featured 12 percent fewer new listings, 19 percent fewer active listings and 12 percent more pending sales than December 2010.
In December 2011, the inventory of Austin-area homes decreased to 4.1 months, which is 1.4 months less than December 2010 and the lowest figure reported since the organization began tracking the statistic in January 2009.
December 2011 Statistics
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1,581 – Single-family homes sold, 11 percent more than December 2010.
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$187,940 – Median price for single-family homes, one percent less than December 2010.
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89 – Average number of days that single-family homes spent on the market, nine days less than December 2010.
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1,383 – New single-family home listings on the market, 12 percent less than December 2010.
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6,605 – Active single-family home listings on the market, 19 percent less than December 2010.
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1,229 – Pending sales for single-family homes, 12 percent more than December 2010.
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4.1 – Months of inventory* of single-family homes, 1.4 months less than December 2010.
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$385,035,159 – Total dollar volume of single-family properties sold, nine percent more than December 2010.
The report also included figures for all of 2011, during which 19,220 Austin-area single-family homes were sold, which is seven percent more than 2010. Over the course of the year, the median price of homes in Austin remained statistically unchanged from the prior year at $193,000 and homes spent an average of 84 days on the market, which is seven days longer than 2010. At the same time, the Austin real estate market featured 12 percent fewer new listings, 15 percent fewer active listings and seven percent more pending sales.
**This information provided by the Austin Board of Realtors®
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