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I just completed my monthly analysis of the Austin real estate market comparing September 2011 with September 2010. Austin saw its fourth straight month of year-over-year sales volume increases and the third month in which those volumes outpaced 2010 by more than 30 percent.
Austin Real Estate Market Snapshot
September 2010 vs September 2011
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$421,648,592 – Total dollar volume of single-family properties sold, 33% more than September 2010,
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$189,000 – Median price for single-family homes, 2% lower than September 2010,
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1,681 – Single-family homes sold, 31% more than September 2010,
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158 – Condos and town homes sold, 25% more than September 2010,
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81 – Average Days on market, unchanged from September 2010,
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2,256 – New single-family home listings on the market, 6% less than September 2010,
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8,490 – Active single-family home listings on the market, 19% less than September 2010,
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1,638 – Pending sales for single-family homes, 19% more than September 2010.
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5.4 – Months of inventory of single-family homes, 1.3 months less than September 2010.
The supply and demand of homes in any market can be measured in months of inventory, which is the number of active listings divided by the average sales per month over the past 12 months. In Austin, anything under 6.5 months is a seller's market, and over 6.5 months is a buyer's market. We are currently at 5.4 months, which indicates a very tight supply of homes for sale.
If you're in the market to buy, there are lots of buyers competing for a relatively low number of homes for sale. The best properties are gone in a matter of days, so send me your search criteria and I will get you setup on a custom MLS search that will send you email alerts the moment new listings hit the market.
If you're thinking about selling, we have 19% fewer homes on the market and 30% more transactions than this time last year. However, the market varies widely depending on where you live, so send me the details on your home and I will get busy preparing a comprehensive analysis of your home's value in today's market.
Thank you for taking the time to read my newsletter! I'm always here to help, so please contact me if you have any questions or are getting ready to buy or sell. And remember I always appreciate your referrals.
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Although Austin, Texas may be best known as “The Live Music Capital of the World”, the rest of the country is taking note of its booming economy, quality of life and thriving real estate market. With a high-tech, yet free-spirited atmosphere, the Austin area offers you the perfect opportunity to relax and unwind while enjoying all of the modern conveniences of a metropolitan city. There is so much to discover in Austin. From high-rise downtown condos, to sprawling hill country ranches, to funky Zilker Park bungalows and everything in between, the Austin Tx area has something for everyone. Don't get lost with all of the available options. Let a top Austin Realtor show you all that Austin has to offer so you can make the best choice to suit your Austin lifestyle! Call us today at (512) 743-7820 or email us directly at romeo@romeom.com to begin your Austin homesearch!
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READ OUR TESTIMONIALS to learn how we can help you!
Search Austin Real Estate with a Top Austin Realtor
When searching for Austin listings or an Austin Realtor to assist you with finding just the right property, you should always "Expect Results!" This is a motto that I not only promote, but one that I live by. By offering the latest and most up to date home search technologies available, timely statistics and market reports and buyer's and seller's guides, my Austin real estate site will provide you with the best possible experience and direction when searching for homes in the Austin area. Not all real estate websites and Austin Realtors are the same. Here is how we're different........
Powerful Austin Home Search Tools
Search for available homes for sale Austin directly from our site by using our Advanced Property Search System to search for homes for sale austin by city, area, map, waterfront homes, golf course homes, schools or even foreclosures. Our home search tool features such technologies as Google Maps, Bird's Eye and Street Level View to let you know what are the closest schools, shopping and entertainment options available. You can easily save your favorite properties as well as create customized searches to automatically email you properties that meet your home search criteria.
Let Us Find A Home for You
Use our Perfect Home Finder to describe the home of your dreams and let us do the work to find it. You can specify such things as an the area, property features and budget and we'll work hard to find the perfect home for you. We'll provide you with real time updates of homes that could be just what you're looking for.
Market Information and Statistics
Read our blog for special insider information and comments about the current state of Austin Texas Real Estate. With our Austin Market Statistics page, we'll show you both home buying and selling trends as well as how the Austin Tx real estate market compares to other markets. If you need market statistics on a particular neighborhood or area, we'll be glad to provide the same detailed charts and stats for anywhere in the Austin area including all of Travis and Williamson County.
Detailed Austin Area Information
We have created a section to explain all of the different Austin areas. These areas include the Northwest Austin, Central Austin, East Austin,South Austin, Downtown Austin, Lake Travis,Westlake, Round Rock,Pflugerville, Cedar Park, Leander and Georgetown areas including Sun City Texas. We'll provide you with all of the information you need to decide where in the greater Austin Tx area you'll look for your next home and what popular subdivisions are in each of the different areas.
Austin Home Marketing System
We use a tried and proven Home Marketing System to sell your home for the highest price possible. No more flying by the seat of your pants marketing! Utilizing the latest technologies we are able to syndicate your home listing to over 50 other real estate sites including AOL, Zillow, Trulia, Google Video, Facebook and YouTube and many more to maximize your property's exposure. We also use automated feedback systems to keep you in the loop about showings and visitor comments as well as provide you updates about your competition. We work hard to keep you informed and get your property sold. Compare our marketing system to that of any other Austin Realtor and you'll see why our homes sell faster and for a higher price!
FREE Relocation Guide
If you are considering a move to the Austin Texas area including Round Rock, Cedar Park, Lake Travis or one of the many golf course communities such as Avery Ranch, Steiner Ranch, Twin Creeks, Great Hills, Crystal Falls or Austin Country Club, send us your mailing address and we'll happily send you the latest Austin Relocation Guide full of information about life and events in Austin as well as information about the different areas, schools and major employers. You'll find this an invaluable guide when planning your move to the Austin Tx area.
Short Sale Assistance
If you are facing foreclosure on your property, we can assist you with doing a short sale. Contrary to popular belief, a short sale benefits not only the seller but the mortgage company as well. Visit our Austin Tx Short Sale page to learn about what designations and certifications you should look for when dealing with a short sale Realtor. Not all real estate agents are trained to deal with the complexities of the pre-foreclosure / short sale process. In order to try and avoid or prevent a foreclosure, make sure to deal with a National Association of Realtors (NAR) Short Sale and Foreclosure Resource (SFR) specialist or a Certified Default Resolutions Specialist (CDRS) to maximize your opportunity for a successful short sale. Let our experience be your saving grace.
Simply put, no matter what you are looking for, you'll find it here. Let us be your Austin Realtor.
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Austin Texas Real Estate Blog
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Recent news and information about Austin Real Estate
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As the weather starts to warm up and the lawn goes from being yellow and dormant to green and vibrant, if your summer plans include either buying or selling a home, then now is the time to begin your research. The last couple of months have seen a rise...
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View the latest Austin Real Estate Market Stats. 
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