Overall Austin Market Comments:
Sales of existing homes in the Austin area rose almost 11 percent in November, and the area’s median home price was up 3 percent compared with the same month last year. Year to date, the number of home sales are up 7 percent over the same period in 2010, and the average sold price for the year has increased 2% to $257,845.
For the sixth month in a row, home sales in Austin have exceeded last year, and the inventory of homes for sale has decreased. There were 7,173 homes on the market in November, which is 18 percent less than a year earlier. This represents a great opportunity for Sellers due to reduced inventory levels.
If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI). In a balanced market, the MOI is between 3.5 and 4.5 months. This important figure is included for the Austin area and in each submarket below:
The Austin Real Estate Market:
- Average sold price – up 2% from a year ago to $257,845
- Number of Sales YTD – 7% greater than this time last year
- Number of Active Listings – down 18% from last November to 7173 listings
- Active Listings compared to last month – a 9.5% decrease
- Months of Inventory – dropping to 4.9 MOI; a slight oversupply
- Average days on market – 83 days to sell; 9% less than last November
The Georgetown Real Estate Market:
- Average sold price – steady from a year ago at $217,659
- Number of Sales YTD – up 13% compared to this time last year
- Number of Active Listings – 2.8% less from last November to 621 listings
- Months of Inventory – there is 6.7 months of inventory; an oversupply
The Round Rock Real Estate Market:
- Average sold price – off 2% from last November to $214,947
- Number of Sales YTD – up 9.6% compared to this time last year
- Number of Active Listings – 16% less than last November to 749 listings
- Months of Inventory – slightly favoring sellers at 3.4 MOI
The Pflugerville Real Estate Market:
- Average sold price – down 2.5% from a year ago to $156,511
- Number of Sales YTD – steady compared to this time last year
- Number of Active Listings – 16% less than last November at 425 listings
- Months of Inventory – there is a balanced 3.8 MOI
The Cedar Park & Leander Real Estate Market:
- Average sold price – is slightly down by 1.8% to $199,691
- Number of Sales YTD – up slightly from this time last year
- Number of Active Listings – down 19% from last November to 629
- Months of Inventory – balanced at 3.9 months
The North & Northwest Market:
- Average sold price – off 2.7% from a year ago to $305,290
- Number of Sales YTD – up 15% from this time last year
- Number of Active Listings – down 24% from last November to 357 listings
- Months of Inventory – decreasing to 2.7 months; slightly favoring sellers
The River North (FM 2222) Market:
- Average sold price – 6.2% greater than a year ago to $513,739
- Number of Sales YTD – up 18% compared to this time last year
- Number of Active Listings – down 12.8% from last November to 237 listings
- Months of Inventory – down to 5.2 MOI; a slight oversupply
The Austin Westlake Market:
- Average sold price – up 12.7% from a year ago to $824,801
- Number of Sales YTD – up 3.9% compared to last November
- Number of Active Listings – down 19% from last November at 239 listings
- Months of Inventory – decreasing to 3.6 MOI; in balance
The Southwest Austin Real Estate Market:
- Average sold price – off 1% from a year ago at $228,279
- Number of Sales YTD – up 4.6% compared to this time last year
- Number of Active Listings – down 23% from last November to 523 listings
- Months of Inventory – a market favoring sellers at 2.6 MOI
Lake (South shore) Real Estate Market:
- Average sold price – up 1.2% from a year ago to $441,255
- Number of Sales YTD – up 6.2% compared to this time last year
- Number of Active Listings – off 19% compared to last month to 579 listings
- Months of Inventory – at 6.9 MOI, an oversupply, but dropping
Thanks for visiting and be sure to contact me with any questions!
Mary “B” Battaglia maryb@maryb.com Website 512-767-6787



