Austin Real Estate | Market Statistics 1Q 2010
The Austin Real Estate market is experiencing a shift. Compared to this time last year, we are seeing a lot of buyer traffic and homes going under contract quickly. However, it is still a great time to buy. Here are the latest Austin real estate market statistics comparing the First Quarter 2010 to the same time period in 2007 when the market was at its peak.
These numbers are derived from the Austin Multiple Listing Service data and are based on single family home sales in the greater Austin area. If you would like to receive a similar analysis for a specific Austin neighborhood, community or property type, please contact us.
Number of Homes for Sale
The number of for sale properties is up 34%
Number of New Listings
The number of new properties on the market is up 5%
Number of Homes Sold
The number of homes sold is down 32%
Number of Homes Under Contract
The number of homes under contract is down 19%
Average Days on Market
The average days on marekt is up 18%
Median Sold Home Price
The median sold price is up 4%
Median For Sale vs Median Sold Price
The median price of for sale properties is up 6% and the median price of sold properties is up 4%
Supply and Demand
The number of homes for sale is up 34% and the number of sold properties is down 32%
Number of Homes that Expire Without Selling
The number of homes that expired without selling is up 67%
