Saw this from my friend Sam Chapman and had to share the good news. Check out the following stats below:
Stats from Alamo Title Co:
The Austin Market:
The number of active listings is down 1.81% from last year during the same week.
New listings are up 19.20%.
Pendings are up this week by 34.86%.
Sold residential units are up 60.49% compared to the same week last year.
The Week in Review
Units for Sale:
Feb. 28 – Mar. 6, 2010
(compared to the same week in 2009)
New listings are up this week 19.20%
Pendings are up this week 34.86%
Solds are up 60.49%
As for Average Prices:
Feb. 28 – Mar. 6, 2010
Sold average sales prices increased 4.52% to $236,502. In 2009 it was $226,272 for the same week.
The Month In Review
Preliminary February 2010 Data:
Units for Sale: (compared to February 2009)
New listings are up 8.22%.
Pendings are up 18.37%.
Solds increased by 19.64%
As for Average Prices:
The “New Listings” average list price is down 10.17% to $295,379. In February 2009 the average list price was $328,804.
Sold average sales prices decreased 3.78% to $236,145. For February 2009 it was $245,430.
Did You Know…?
That we had 10,875 active listings during the same week in 2009? Today there is 10,678 active listings! That is 1.81% decrease from last year.