Don Gross, GRI
Broker/Owner

don@dongrossrealty.com

(512) 892-7788

 

 

REAL ESTATE UPDATE

2012-2011 Comparison
First 3 Quarters (Jan-Sep) Plus October Statistics

 

 

 

The holidays are upon us once again as the year begins to wind down. Hard to believe 2012 is nearly history. But as can be readily seen from the numbers below, 2012 has been good to Greater Austin real estate. A review of the first three quarters of this year with 2011 results, shows sales up a solid 18%, available listings down 20%, and continued gain in both average and median sold prices. And, days on the market reduced from 84 to only 69. A very significant improvement.

This positive trend continued in October with sales up an almost unreal 35% from October of the previous year. Also, comparing October of 2012 with that of 2011, average and median sold prices were up 10% and 5% respectively, inventory (active listings), was down a full 20%, and days on the market reduced by 17%.

 

  1st 3 QTRS (JAN - SEP)  
  2012 2011 % CHG OCT 2012 OCT 2011 % CHG
# of Sales 17510 14,862 +18% 1,960 1,455 +35%
Avg Sold $ $269,019 $259,108 +04% $277,279 $253,084 +10%
Median Sold $ $207,000  $195,000 +06% $199,320  $189,720 +05%
Active Listings 7226 9,067 -20% 6,327 7,926 -20%
Days on Mkt 69  84 -18% 68  82 -17%

NOTE:  Only single family properties are included in this report.  Please advise if you would like data on other property types. Also, please remember that this data represents a summary of the entire Austin-Central Texas listing service. Performance can and does vary between the various reporting geographic areas. If you would like data more specific to your area of interest, it will be happily provided upon request. There is no charge or obligation for this service.

Don Gross Realty is a service oriented, referral based company with emphasis on attention to detail. If you know of a friend, family member, neighbor, or co-worker who might be interested in buying or selling real estate, please mention me to them. Or, let me know, and I will be happy to contact them. And know that your referrals will always receive quality representation.

 

Don Gross, GRI
Broker
(512) 892-7788  (ofc)
(512) 627-6677  (cell)
don@dongrossrealty.com
   

 

 

Data provided in this report has been obtained from the Austin Board of REALTORS / Austin-Central Texas Realty Information Service statistical reports, and the Real Estate Center at Texas A & M University.