Austin median listing prices up 12% from a year ago

Austin Business Journal by Jan Buchholz

Median list prices for homes in the Austin market are on the upswing while inventory has declined substantially during the past year.

The median list price in March was $235,000, a nearly 12 percent increase compared to the same month in 2011, according to Realtor.com. Nationally, the median list price was $189,900, or an increase of 5.6 percent from a year ago.

The active inventory of for-sale homes was 8,913, or a decrease of 18.2 percent compared to March 2011. Nationally, inventory also has dropped to 1.8 million homes, or a 21.5 percent decline from a year ago.

The median age of inventory in the Austin area was 60 days, a reduction of 22.1 percent when compared to the same month last year. Nationally, the median age of inventory is 89 days, a decrease of about 19.8 percent from a year ago.

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About melissagriggswebb

My professional career has always had a focus on sales and marketing including a diverse mix of technology and media sales as well as fund raising and event planning experience. My passion for residential real estate and design led me back to Texas almost a decade ago at which time I acquired my real estate license. I escalated my real estate career when I partnered in a business with my husband, Robert, in which we renovate homes in the Central Austin area. We have a daughter who is the joy of our lives and keeps us on the go and on our toes! Besides my family, my interests include art, design, jogging and music. I am a member of the Austin Board of REALTORS®, the Texas Association of REALTORS®, the National Association of REALTORS® and Member of Who’s Who in Luxury Real Estate. My enthusiasm for the highly desired Austin lifestyle, in addition to my extensive knowledge, resourcefulness and professionalism, make me the one to call for properties in Austin.
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