April Austin Market Report – Changing Quickly
April 17, 2012 by Laura Duggan · Leave a Comment
During the Spring and early Summer it is normal to see the number of homes for sale, houses under contract and homes sold increase each month. This trend continues until mid summer. This year the trend continues with some ve
ry specific differences.
• Number of homes for sale are at seven year record lows. This month there are 23% fewer homes for sale than last year and 34% fewer than 2010!
•Demand for homes is rising. More homes have sold in Austin during the first three months of the year compared to 2011 and 2010 and 2009. And Pendings , homes under contract are at a seven year high.
• In one month, Month’s of Inventory has decreased 33%, from 6.14 Months of Inventory to 4.12 Months of Inventory. This is one of the most significant declines for March in the last seven years.
• In one month the Austin market has moved from a “Balanced Market” to a “Normal Sellers Market.”
To view the 13 page Report go to the Market Report tab above or click here:
http://westaustin.com/wp-content/uploads/2010/09/April-2012-Market-Report4.pdf
Laura is a third generation native of Austin who grew up in Tarry Town in Central Austin. She is the owner and broker of West Austin Properties and has been selling real estate in the Austin area since 1979. Laura is married to the love of her life, Brad, and they have two grown daughters. Together, they love to explore all of the fun spots Austin has to offer.
