Team Price > Search > Market Statistics > April 2013

Published May 23, 2012 / Team Price Real Estate

The S&P/Case-Shiller Home Price Index recently showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. At long last, major national indices are telling the story that local MLS data users have known for months or even years. Yes, the housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up. Here is what's happening in the Austin area.

Prices turned higher again.

  • Median Sales Price increase of 9.8 percent to $225,000.
  • Days on Market was down 29.8 percent to 46 days.
  • Absorption rates improved as Months Supply of Inventory was down 43.0 percent to 2.7 months.

Detailed Market Report (PDF)

The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That's causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.

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