// 512 892 9473

Home » Blog » Blog » Austin Has Fewest Homes for Sale in 10 Years

Austin Has Fewest Homes for Sale in 10 Years

by admin on April 30, 2012

Incredibly low inventory is driving a lot of what we see in the latest stats for the Austin area real estate market.

Take a look at the data and then watch the video of Krisstina Wise giving you the lowdown on what it means.

 
  • In March 2012, 1,852 homes sold – 16.7% more than March 2011, 47.1% more than Feb 2012
  • $259,434 – Average Sales Price of single family home in Austin
  • 7,274 – number of single family homes available for sale – 6% more than Feb 2012, but 20% fewer than March 2011
  • Fewest number of homes on the market this year to date since 2002! This is a 10 year low!
  • What this means for Sellers

  • 21% less inventory on the market
  • scarcity in the market
  • prices going up
  • now in a seller’s market
  • if you could not sell in the past, perhaps it is time to investigate selling now and sell in the first 2 weeks on the market
  • What this means for Buyers

  • there are deals in the market
  • have your financial affairs in order
  • get ready with your lender to write a contract in a multi-offer situation
  • be ready to write a contract, as soon as you see a house
  • { 0 comments… add one now }

    Leave a Comment

    Previous post:

    Next post:

    Recent Posts

      October 29, 2014

      5 Ways the Evernote App Can Revolutionize Your Personal Organization

      With Evernote, a free smartphone app, it’s become easier than ever to plan, arrange, learn and remember daily tasks and useful data — all within a single application. Here are five uses for Evernote that can make your life easier and improve your personal and professional organization. Saving information from online sources: When combined with another

      October 28, 2014

      Inside the Mind of an Austin Modern Architect: Winn Wittman

      The countdown begins!! As we near the end of October, the goblins and ghouls are planning their night out this Halloween. Are the kids ready for trick or treating, and the house decorated to be the spooky haunted house on the street? The holidays are a time when there’s a lot of hustle and bustle.