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June 2011

There are 1 blog entries for June 2011.

Austin Texas Real Estate Market Update and Statistics June 2011

Tuesday, June 7th, 2011 at 9:39pm. 1,847 Views

During the first 5 months of 2011 the Austin housing market was slower compared to 2010, most likely due to the expiration of the home buyer tax credit around this time last year.  None-the-less, confidence in the Austin housing market seems to be increasing currently and sale prices in Austin have increased 8.3% (total dollars) and 1.46% on a per square foot basis compared to last year.  Home inventory is down to a rock bottom low of 3.4 months, which is a 58% decrease in supply compared to this time last year.  Lease volume and prices continue to increase (8.1% increase this year compared to last) and it is taking 29% less time to lease homes compared to last year.  Furthermore, there are 15% less homes for sale and a 14% increase in homes pending

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