Austin Real Estate Blog

The October stats for the Austin Real Estate market have been released. The numbers below apply to single family houses in the Austin market. If we look at the months of supply sitting on the market last year we had 4.00 months of supply sitting on the market. Currently we have 3.83 months of supply on the market. So the months of supply of properties on the market dropped a little. So what we are seeing is that we still are in a pretty strong market. What has changed is the size of the market is increasing. As more people move to Austin we see more properties for sale and more properties selling.

Compared to this time last year the number of properties on the market was up 4 percent and the number of properties that sold this month was up 8 percent. The median price for single family homes is up 9 percent from 161k to 175k

If you want more stats we also have the monthly statistics for the Austin real estate market for the last 3 years located here.

Austin Real Estate Market Statistics

To break down the market a little further I looked at the number of properties on the market in the different mls areas. The number of properties on the market in central Austin actually decreased compared to last year. In October 2005 there were 1129 properties on the market. In October 2006 there was 1091 properties on the market. So although we are seeing a larger Austin market we are seeing less properties in the central Austin market. For central Austin I included 10, 1a, 1b,1n,2,2n,3,4,5,6,7,8e and 9. Here is a map of Austin showing the different mls areas.

Here are statistics for the central Austin MLS areas.

Here are the statistics for all the Austin MLS areas.