I have selected some data points for the Austin MLS area and compared those to areas I have targeted in the past, East Austin, Bastrop County and Caldwell County and compared the numbers from last January to this January and this is what I discovered.
Here are the results:
| Total MLS | Area 5 | Area 3 | Bastrop County | Caldwell County | |
| Days to Sell (Median) | 26 down 42% |
30 up 43% |
31 down 28% |
43 up 26% |
55 down 7% |
| Sales Price (Median) | $259,000 up 8% |
$330,000 up 38% |
$307,000 up 2% |
$188,000 up 18% |
$205,000 up 37% |
| Number of Sales | 1,205 |
19 down 17% |
29 up 93% |
33 down 28% |
12 down 33% |
| Number of New Listings | 2,484 |
72 up 44% |
43 up 13% |
76 up 38% |
22 up 38% |
Total Number of Listings |
8,346 up 8% |
191 |
114 up 23% |
224 up 10% |
73 up 7% |
|
Ratio of Closed Price to Original List Price |
97.5% up .7% |
93.9% up .1% |
94.8% up 1.1% |
98.1% up 2.5% |
92.4% down .3% |
In summary, prices are up and homes are selling for close to their original asking price which is good for sellers, but inventory is up so buyers have more choices, which is good for them. In short, this is a pretty good time to be in real estate. It also appears that areas 3 and 5 in East Austin have been almost totally gentrified forcing buyers with lower budgets to look for housing in areas 3E and 5E which are further East, or in 10S, 11, SC, or 2N, if they want to remain in Austin proper. These numbers show that an experienced Agent can be a valuable asset in a changing market. If you are buying or selling a home in the Austin area contact me for guidance.
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