The Austin Real Estate Market is Picking Up
From Alamo Title Co.:
Alamo Title's Market News Bulletin
for February 15, 2010
February 2010 - Vol 4, Week 7
The Austin Market:
The number of active listings are down 3.78% from last year during the same week.
New listings are up 16.57%.
Pendings are up this week by 30.88%.
Sold residential units are up 11.76% compared to the same week last year.
How are we doing on sales prices? To get the full picture, check out our web site for latest sold data.
The Week in Review
Units for Sale:
Feb. 7 - Feb. 13, 2010
(compared to the same week in 2009)
New listings are up this week 16.57%
Pendings are up this week 30.88%
Solds are up 11.76%
As for Average Prices:
Feb. 7 - Feb. 13, 2010
Sold average sales prices decreased 7.59% to $244,124. In 2009 it was $264,176 for the same week.
The Month In Review
Preliminary January 2010 Data:
Units for Sale: (compared to January 2009)
New listings are up 2.62%.
Pendings are up 8.99%.
Solds increased by 21.90%
As for Average Prices:
The "New Listings" average list price is down 10.93% to $285,225. In January 2009 the average list price was $320,225.
Sold average sales prices increased 6.38% to $236,985. For January 2009 it was $222,775.
Did You Know...?
That we had 10,457 active listings during the same week in 2009? Today there is 10,062 active listings! That is 3.78% decrease from last year.
Sam's comments:
In November and December we saw a slow-down in home sales and I would have expected to see that as a seasonal thing. However, I would normally expect to see things relatively slow in January and that was not the case. Looks like we may have a pretty nice first quarter for home sales in the Austin area.