Encouraging Austin Real Estate Stats
From Alamo Title Co.:
The Austin Market:
The number of active listings are down 2.04% from last year during the same week.
New listings are up 1.98%.
Pendings are up this week by 32.65%.
Sold residential units are up 64.66% compared to the same week last year.
The Week in Review
Units for Sale:
Feb. 21 - Feb. 27, 2010
(compared to the same week in 2009)
New listings are up this week 1.98%
Pendings are up this week 32.65%
Solds are up 64.66%
As for Average Prices:
Feb. 21 - Feb. 27, 2010
Sold average sales prices decreased 7.78% to $232,426. In 2009 it was $252,043 for the same week.
Sam's comments: OK, so the sold prices are down. That probably could have been expected. The good news is the number of pending sales and sold homes. Although this data just represents a week, these numbers are huge. A big question is how many people will put homes back on the market that were pulled 90+ days ago. The number of new listings could jump this month.