Austin Home Sales Data February 2011

Posted on Tuesday, March 29th, 2011 at 12:04pm.

The Austin Board of Realtors (ABOR) recently released info from the MLS about the Austin housing market. Here are the details:
  • Active Listings: 8,605 homes on the market in February 2011; 9,335 homes on the market in February 2010 (down 8%)
  • Median Home Price: $193,000 in February 2011; $190,000 in February 2010 (up 1.6%)
  • Average Sales Price: $$244,382 in February 2011; $$244,220 in February 2010 (statistically unchanged)
  • Homes Sold: 1,112 homes sold in February 2011; 1,115 sold in February 2010 (statistically unchanged)
The report from ABOR also notes that there are 24% fewer new listings and 11% fewer pending sales in February 2011 as compared to February 2010. These numbers mean buyers have fewer homes from which to choose, and sellers will have to be patient for their buyer with homes spending an average of 98 days on the market. We expect activity to pick up as we are getting into the typically busy Spring and Summer selling seasons. For more information about the Austin real estate market, please call Reilly Realtors at 512.600.1800. We would love to give you our insight into the Austin market and help you with your home sale or purchase in the area.

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