Austin Home Sales Sizzle In August!

The Austin Statesman writes about the several factors that make for a "sizzling" market, one of which is dwindling inventory.  This is just one of many articles written by various publications in the past few weeks discussing the positive trend in the Austin real estate market. To learn about the other factors, read the entire article here:  http://www.statesman.com/business/real-estate/austin-home-sales-sizzle-in-august-expected-to-2463444.html

Austin Area Housing Stats Are In For August...All Things Point Up...Except Inventory!

New Listings in the Austin area increased 14% to 3,080.  Pending Sales were up 35.8% to 2,525. Inventory levels shrank 22.3% to 8,763 units, with 4.1 months of supply.

Prices moved higher. The Median Sales Price increased 9.1% to $209,000.  Days on Market was down 25.4% to 57 days. 

All things point to a Seller's Market.  If you're thinking about selling your house, contact me for additional details.  I can provide you with the sales stats in your neighborhood!

PROVIDED BY THE AUSTIN BOARD OF REALTORS®