Austin MLS Stats for October 2012

 

A recent report shows there are 6,000+ single-family homes for sale in the Austin Multiple Listing System. They range in price from $18,900 for a 400 square foot place in a little town northeast of Austin to $15 million for a home containing a little over 16,000 square feet of living space with a stunning view of Lake Travis. The average list price is a little over $455,000.

 

As for October 2012, the Austin area saw 1,669 homes sell. The average price for a sold home was $283,643, or $118.55 per square foot, and the median price was $203,000 or $101.19 per square foot. Homes averaged 64 days on market before selling. There are also 2,782 homes currently under contract.

 

How does this compare to October of last year? In October 2011, our area saw 1,404 single-family homes sell. The average price for a sold home was $255,414, or $110.16 per square foot, and the median price was $192,000, or $95.49 per square foot. Homes averaged 79 days on market before selling.

 

So Austin saw an increase in home sales of just under 19% and an average price increase of over 11%. I’d say that makes our market pretty healthy!