Hello! Hope you’re doing well and hope your 2012 is off to a great start! Many of you have been asking how the market shaped up last year so I wanted to share with you the latest stats just released.
Sales prices were up 4.5% on average across the Austin metro area and number of sales were up 6% compared to a year ago.
January is proving to be very strong as well. Inventory continues to fall, with some areas of the city now SELLERS MARKETS! Yes, that’s right! Sales data shows West, NothWest and South Austin areas with inventory less than 4 months! Anything less than 5.5 is considered a sellers market.
Buyers, if you’re thinking about buying in the coming weeks and months, I would suggest you do so before Spring when we see the biggest jump in pricing!