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Home | Finance | Real Estate | Austin House Sales T ...

Austin House Sales Trends

Submitted by Mark and viewed 199 times
Total Word Count: 407  
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Austin home sales price data is compared month to month to aid in determining sales trends. A month to month comparison is indicative of whether the market place is starting to be hotter or colder.
The quantity of Austin homes sold in July showed a a significant decrease from June. The average sales price per square foot saw a moderate decrease, and the average listing price per square foot showed a slight increase. Additionally, the average number of days for Austin houses to generally be active on the market showed a moderate increase.

In particular, sales of single family Austin homes saw a a significant decrease of 12.94% from 1020 to 888 homes bought from June to July of this calendar year. The average sales prices showed essentially no change going from $334,036 to $332,916 . The average purchase prices per square foot for Austin houses showed a slight increase of 1.00% to $141.24 . The average purchase price was 96.89% of the listing price, essentially no change from the prior calendar month. This percentage is indicative of just how much the listed price was reduced so as to make the sale. However, the average amount of days for Austin properties to generally be active on the market, from 62 to 65 for a moderate increase of 4.84%. As the number of days a home is available on the market decreases it is indicative of the market heating up, and homes going more swiftly.

As of Tuesday, August 23, 2011 you'll find 3,447 Austin homes for sale. These Austin houses have already been listed for sale on the Austin real estate market place an average of 103 days with an average list selling price of $536,628 or $173.14 per square foot. The current listed Austin houses for purchase average 2,660 square feet in size. The smaller sized the home generally the more the cost per square foot for homes in similar condition. This won't always hold true, in particular as soon as you get into the luxury home market with a great number of custom characteristics or high end amenities. The advertised prices for properties currently available on the market range from a lower end of $34,900 to a top end of $12,000,000 . Requested sales prices range from a low of $27.12 to a high of $3,082.32 per square foot. The median advertised price per square foot for Austin residences for sale is $136.42 . Austin properties have been listed in the marketplace anywhere from 0 up to 1,323 days. To locate actual listings check out

ArticleSource: ArticlesAlley.com
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About the author
Mark researches home values and develops educational real estate information for consumers and his wife, Kelley's real estate clients. His prior life consisted of 20 plus years of fraud investigation, mostly for the State of Texas. In case you would like personal guidance in locating a home or identifying the true value of a house please contact Kelley Menefee at 512-736-0822 or at MyFreeHomeSearches.com. Kelley Menefee is a Realtor with Keller Williams Realty. Condos, townhomes, and mobile homes were not incorporated in these statistics.
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