REAL ESTATE UPDATE
The very strong Austin-Central Texas real estate market
continues. A “HOT” market to say the least.
Comparing June of this year to that of last year we see
increases in total sales, average sold price, and median sold
price, of 8%, 7% and 8% respectively. Inventory (active
listings) was down 22% to the point that we are beginning to
hurt for sufficient availability. Average number of days
on the market during June was down to just six weeks.
Please note that only single family residence transactions are included in this report. Other property type data is available upon request. Also, the above chart reflects averages of the entire Austin area. If you would like information more specific to your community, it can be made readily available.
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.