Market reaching peak, starting to slow, still mostly a Seller’s Market

July 14, 2012 by · Leave a Comment 

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.Good and well priced homes in this seller’s market usually receive an offer in a few days. That is Austin, now.

Currently, demand is high and inventory is low across ALL Zip Codes and Areas!

The average and medium prices of sold homes is rising due to the higher overall demand. From one year ago, the median price
of a home is up 7.5% These averages are increasing while sales of the highest end homes, over $1M, are stagnant.

To view the entire report by Price Band, Area and Zip Code   Click here

 

About Laura

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.