News Ticker

SALES PRICES UP 4.5% in 2011!

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!

About Gregg Klar (396 Articles)
Austin creates an oasis of desirable communities that are touched by the beauty of it's presence. I'm one resident who considers myself fortunate to be a part of the Austin lifestyle. Combining a passion for my work with love for my community, I've earned my place among Austin's leading real estate professionals. I bring to every transaction a personal touch, innovative marketing techniques and in-depth knowledge of today's complex market to ensure your home sale or purchase is a success from start to finish. Put my team of experts to work for you today

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