Real Estate Market in Austin, TX for May 2011

What is the Real Estate Market in Austin, TX like?  Thanks to Alamo Title of Austin who religiously provide us, realtors the above graphs and charts so that we can provide these to you.  In summary, Alamo Title reports the following:

New Preliminary May 2011 Data:

Units for Sale: (compared to May 2010)

New listings are up 3.21%.

Pendings are up 55.88%.

Solds decreased by 10.58%

Here comes the interesting part:

Units for Sale:(compared to the same week in 2010) For May 29, 2011 - June 4, 2011

New listings are down this week 2.27%.

Pendings are up this week 41.32%

Solds are up 35.69%

So, you tell me is it a good time to sell in Austin?  Oh yeah!  Is it a good time to buy in Austin?  Absolutely, we are seeing multiple offers in my Keller Williams' Lake Travis office.  I can break down these numbers based on your area so call me today to make an appointment at (512)786-7355.