The Austin Board of Realtors released its November stats from the MLS (multiple listing system) and it looks good!
In terms of volume, home sales in November of last year were at 1,243 down 20% from the previous year. Over the course of the year, 16,477 homes sold, down 6% from 2009.
Despite a slight decrease in volume, home values stayed consistent. The median price for single-family residences was $184,000, a 3% increase from November 2009. Year-to-date, the median price is $194,000, also up 3% from the previous year.
Average days on market for listings came in at about 90 days, a slight decrease from 2009.
Economic forecasters are predicting another solid year for the Austin housing market. With an influx of people moving to Austin everyday, a strong job market and everything else our amazing city has to offer, strong numbers are expected throughout the year.