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Kiersty Lombar

Austin Stats: Sellers Market Under $250k; Buyers Market Above $500k

The Austin Board of Realtors just released its August statistics -- compiling data on all property types in Travis and Williamson Counties. Looking at the numbers (see attachment below for complete info) we have a mixed bag right now. If you're a buyer looking for a home in the $250,000 and under range -- it's still a sellers market. We're still under 6 months of inventory for those properties.

When you look at the statistics for properties priced above $500,000 you will find that it's a buyers' market -- running between 11 and 27 months of inventory. Looking at homes in the Austin MLS priced between $250,000 and $500,000 you find a healthy market -- not slanted either way.

It's also worth noting that looking year over year, we continue to appreciate -- however, we're not seeing massive amounts. Looking at August 2008 compared to August 2007, we see a modest .84% gain (when you run the average across the board).

Keep in mind -- some areas are hotter than others -- and this factors into how much a home will fetch in today's market. Have a question? Drop me an email and I'll do a CMA for you.

Download august_2008_mls_stats.pdf

Williamson County February Sales Stats

The latest sales statistics for Williamson County have just been released by the Williamson County Association of Realtors. The news is fairly consistent from what we've seen over the last 90 days: home values continue to appreciate, the number of days on the market is steady, and the number of transactions closing is down (all compared to the same month last year).

The net: homes on average appreciated ~3.5% this February over last. The average sale price was $192,193. Sellers are getting about 96% list to sale price (my average over the last six months has been ~99%, with ~28 days on the market).

Here are the stats:

# homes sold

Year

Sq. ft.

$/sq. ft.

List price

Sold price

Days on Market

582

2007

average

2068

$89

$189,716

$185,325

62

median

1927

$88

$164,995

$163,250

42

total

$107,859,415

# homes sold

Year

Sq. ft.

$/sq. ft.

List price

Sold price

Days on Market

456

2008

average

2117

$91

$199,478

$192,193

68

median

1993

$90

$175,450

$171,000

53

total

$87,639,793

If you would like to see the full release, please click below:

Download february_sales_stats.pdf