December 2012 Real Estate Statistics

December real estate statistics are out and they are very exciting for Austin.  In December 2012, residential unit sales were up 16% compared to December 2011.   In Lake Travis ISD area, residential unit sales were up 24% compared to last December.

Alamo Title reports the following on January 7th:

Units for Sale: (compared to the same week in 2012)

For December 30, 2012 - January 5, 2013

New listings are down this week 24.85%.

Pendings are down this week 11.52%
Solds are up 48.53% 
 

As for Average Prices:  (compared to the same week in 2012) 

For December 30, 2012 - January 5, 2013

Sold average sales prices increased 1.12% to $271,466 from $268,446 in 2012. 

Current pendings = 2,722 pendings with an average list price of $255,927.  That is a 31.31% increase in the number of pending listings and a 8.30% increase over the average price of pendings over the same week in 2012(2,073 & $236,311).

This is exciting news since December has always been a low sale time of the year.  Thinking of selling?  Now is the time.  Call me at (512)786-7355 for a FREE market analysis.  Look how low the inventory is!