The April numbers just came out and the Austin real estate market is showing signs of life!  All the major indicators have improved from last year.  Year to date numbers through April show pending sales are up 39.5% and closed sales are up 18.1%.  The average days on the market has decreased 13.6% and the percentage of list price to sales price is up 3.6%.  Home values continue to hold steady on the whole with only slight differences in the median and average sales prices compared to 2009.

See the link below for a more detailed look at your neighborhood.  Not all areas are performing the same, so please let us know if you would like a more in depth market analysis of your home.  If you have been considering moving up to a larger home or different neighborhood, this could be the best time to make the move.  Interests rates continue to be at all time lows and are expected to creep higher by the end of the year and into next year.  Please give us call and we would be glad to assist you with any of your Austin real estate needs.

Austin Area Real Estate Market Update - April 2010

Joe just compiled April’s data (May’s won’t be out until next week). There is a lot of talk about the “Austin” market, but every neighborhood differs. Let us know any comments or questions you may have regarding the numbers.