Austin Real Estate Blog

The statistics for April are out for the Austin Real Estate market. We are still in the midst of a strong market. Compared to a year ago at this time the number of sales is up 6 percent from 2172 to 2313. The number of listings is up 3 percent from 8123 to 8354. The median price is also up from 174,000 last year to 185,000 this year. We are continuing to see an especially strong market in the central Austin area.

I have been watching area 9 closely, which is the area south of the river and east of I-35. The reason is that when people ask me if anything is affordable close to Austin I always say no, with the exception of area 9. There has been some expectation that the area might go up. While prices have gone up a little, when I have driven through, the area seems to have gotten rougher.

Westlake is also a little interesting. It's the one area where the median price didn't go up and has not been appreciating as quickly as other areas in central Austin. I think one reason for this is that it's difficult to show houses in Westlake. For some reason Westlake listing agents frequently make their houses 'appointment with agent,' which means you have to wait for another agent or assistant to come out to meet you. If you are 10 minutes early and they are 10 minutes late, you can easily spend 20 minutes standing outside a house doing nothing. And many times the agent doesn't even call back for a couple hours. So basically, the market is almost moving too fast for the slow showings.

If you want even more statistics here are Austin Real Estate Stats for the last 3 years

Also here are stats for some different Austin Neighborhoods

Here are all the stats for central Austin MLS areas: