By Shonda Novak | Tuesday, February 21, 2012,
http://bit.ly/zX8vYm
Home sales in the Austin area rose 10.4 percent in January compared to the same month in 2011, marking the eighth straight month of year-over-year sales increases, the Austin Board of Realtors said today.
The board said 1,051 homes were sold in January, compared with 952 in January 2011.
January’s median sales price was $176,550, down 7 percent from a year ago. By another measure, homes sold for $107 per square foot, down 5 percent from the $112-per-square-foot sales price in January 2011.
“It is encouraging to see last year’s momentum continue into the new year,” said Leonard Guerrero, chairman of the Austin Board of Realtors.
January was the eighth month in a row that the supply of homes has decreased from the prior-year months, according to the board. The Austin market had 4.1 months of inventory in January — 1.4 months less than January 2011 and the lowest inventory level since the board began tracking the statistic in January 2009.
There were 6,557 active listings in January, 19 percent fewer than January 2011. Pending sales were up 16 percent, with 1,638 homes in the pipeline to close, the board said.
New Comments to this post are disabled
About Albert Elhage
I have called Austin HOME for more than 20 years. Living and raising a family in this city is a joy for both my wife and me. Whether you seek an urban, hill country, or lake setting, Austin appeals to a variety of homeowners. For newcomers to the area or those who already call Austin their home and want to make a change, I am happy to show you around and help you decide which neighborhoods best fit your needs. Being a University of Texas at Austin and Texas State University graduate, with a background in geography and environmental planning, I have a genuine appreciation of Austin’s diverse landscape and having lived in different areas of Austin, I am familiar with the unique venues the capital city has to offer.
Those I represent, gain from my experience as an Austin Realtor®, whose foremost priority is to HELP YOU buy or sell your home for the best price possible, as quickly as possible. Buying a home is one of the largest and most influential investments we make and customized attention to find that special place is what I offer my clients. Whether you are ready to sell or purchase a home, I welcome the opportunity to represent you. Upon request, I’m happy to provide valuable market information to keep you up to date with the Austin housing market, so that when you are ready to buy or sell, you are well informed, know what to expect, and as a result will have an enjoyable and exciting experience.
Are you buying a resale or new home, selling property or investing in Austin? You can depend on me. The relationship between a home buyer or seller and their Realtor® is based on trust, shared goals and understanding. I strive to continually meet expectations by listening and taking clients’ real estate needs and wants into consideration and by providing guidance and experienced insight into the Austin market.
I look forward to helping you BUY, SELL, and SAVE.