“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Austin Texas Real Estate agent Mary "B" Battaglia GRI, CRS - Austin Real Estate

Austin Texas real estate market report - December 2009 YTD

The overall Austin market:

  • - Compared to last December, the number of single-family homes sold in the Austin area is 6% less. The average sales price for single family homes is down 2% to $242,690. The median price, however, is at $188,480 which is 1% less when compared to this time last year.
  • - The total number of single-family listings in the Austin MLS is 5% less than this time last year at 9335 units. Still, prices are being pushed down - which is a positive for buyers.
  • - If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is the number of Months of Inventory (MOI). In a balanced market, the MOI is between 3.5 and 4.5 months. Currently, the MOI in the Austin market has remained steady at 6 months which favors buyers. The average days on the market for single-family homes to sell has continued unchanged at 79 days.

The Austin area's population increased by 44,000 people last year, and Austin finished the year with less than ½ of 1% negative economic growth. This led all 20 major metro areas in the U.S., which is a reflection of Austin's overall strength. Most forecasts look for the Austin area to bounce back during 2010 and 2011, returning to positive job growth during March of 2010. The combination of a talented workforce, strong business climate and high quality of life will continue to serve the Austin area well into the future.

The recently extended tax credits for homebuyers will increase our market activity into the Spring, and current activity bears this out. This is indeed a special time; with prices still suppressed, a good selection of homes and interest rates hovering near record lows at 5%, this market is a wonderful opportunity for buyers and move-up sellers alike.

Mary Battaglia CRS, GRI Austin, Texas

Georgetown Texas market report for December 2009 YTD

The Georgetown Real Estate Market

Average sold price - up 1.3% from a year ago to $226,753

Number of Sales YTD - down 11% compared to this time last year

Number of Active Listings - down 5% from last December to 626 listings

Months of Inventory - there is 7.2 months of inventory; an oversupply

Mary Battaglia CRS, GRI Austin, Texas

Pflugerville Texas market report - December 2009 YTD

The Pflugerville Real Estate Market:

Average sold price - up slightly from a year ago to $156,000

Number of Sales YTD - down 7% compared to this time last year

Number of Active Listings - steady from last December to 381 listings

Months of Inventory - there is 4.5 months of inventory; a slight oversupply

Mary Battaglia CRS, GRI Austin, Texas

Round Rock Texas market report - December 2009 YTD

The Round Rock Real Estate Market

Average sold price - down from a year ago to $208,107

Number of Sales YTD - down 11.5% compared to this time last year

Number of Active Listings - down 17.5% from a year ago to 819 listings

Months of Inventory - there is 4.4 months of inventory; an slight oversupply

Mary Battaglia CRS, GRI Austin, Texas

Cedar Park - Leander Texas Market Report - December 2009 YTD

The Cedar Park & Leander Real Estate Market

Average sold price - steady from a year ago to $208,917

Number of Sales YTD - down 7.6% compared to this time last year

Number of Active Listings - down 8.3% from a year ago to 739 listings

Months of Inventory - decreasing to 4.7 months; a slight oversupply

Mary Battaglia CRS, GRI Austin, Texas