AUSTIN MARKET NEWS UPDATE
April 23, 2007
The Month in Review: March 2007 New listings were down by 14.37% (result of home builders scaling back on new inventory of lower priced homes). Solds increased by 7.80%.
As for Average Prices:“New Listings” average list price is up 19.42% to $316,402.
Sold average sales prices increased 9.13% to $239,496 compared to $219,451 in 2006.
For more detailed info on any area of Austin contact me.
Now for The Week in Review:
April 15 – April 21, 2007 (compared to the same week in 2006)
New listings up 2.97%.Pendings down 11.56% Solds down 26.95%.
As for Average Prices: April 15 – April 21, 2007 (compared to the same week in 2006)“New Listings” average list price is up 3.49% to $306,254. Sold average sales price increased 3.09% to $231,488.
In 2006 it was $224,551 during the same week.
Did You Know…? That we had 8,862 active listings in the Austin, TX area during the same week in 2006?
Today there are 8,951 Austin active listings!
So how does this affect you if you are going to put your home on the market? Your Realtor can Check out the “Months of Inventory” from the their local MLS to get the details for your MLS area and price range so you can see how to best position your home in your market area to get it SOLD.Check out the Consumer Market resources at http://www.alamotitle-austin.com/resources.php
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