Austin Real Estate Dashboard

Fourth Quarter Update

Unit sales for the fourth quarter of 2011 were 13% higher than for the same period of 2010 while the median sold price was slightly lower. As in the previous quarter, the number of homes available for sale is well below the previous year and months of inventory contiunes to decline. This combination is a sign that the Austin housing market is likely to see price increases in the comming year.

Tightning credit requirements have driven many former potential buyers to the rental market, which has driven rents and rental property prices upward. Interest rates remain at historically low levels and will probably remain there until there are clear signs of an economic recovery.

Source: The Real Estate Center at Texas A&M and The Robillard Group.