- 1,051 – Single-family homes sold, 10 percent more than January 2011.
- $176,550 – Median price for single-family homes, seven percent less than January 2011.
- 85 – Average number of days that single-family homes spent on the market, eight days less than January 2011.
- 2,266 – New single-family home listings on the market, six percent less than January 2011.
- 6,557 – Active single-family home listings on the market, 19 percent less than January 2011.
- 1,638 – Pending sales for single-family homes, 16 percent more than January 2011.
- 4.1 – Months of inventory of single-family homes, 1.4 months less than January 2011.
- $236,043,039 – Total dollar volume of single-family properties sold, one percent less than January 2011.
The following sections describe trends in other sectors of the Austin real estate market.
Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in January 2012 was 121, which is 27 percent more than January 2011. In the same time period, the median price for condos was $159,500, four percent more than January 2011. When compared to the same month of the prior year, these properties spent seven percent longer on the market, or an average of 107 days, in January 2012.
Leasing
In January 2012, 1,129 properties were leased in the Austin area, which is five percent less than January 2011. During the same time period, the median price for Austin-area leases was $1,250, nine percent higher than the same month of the prior year.
**This information provided by the Austin Board of REALTORS®.
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