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August Home Sales Report for Austin, Texas

August Home Sales Report for Austin, Texas Shows Some Good News

Home Sales Report for Austin, Texas

Home Sales Report for Austin, Texas

Austin home sales are up by 30% for the second consecutive month.  Here are some highlights from the Austin Board of Realtors report released earlier this month:

According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS®, 1,978 single-family homes were sold in the Austin area in August 2011, totaling a 33 percent increase from August 2010. During the same time period, the median price for Austin-area homes was $200,000, a figure that was unchanged compared to the same month of the prior year.

As reported previously, a total of 1,973 Austin-area homes sold in July 2011, which is 32 percent more than July 2010. Additionally, 2,145 single-family homes were sold in June 2011, nine percent more than June 2010.

Austin-area homes spent an average of 79 days on the market in August 2011, which is two days longer than August 2010. The Austin market also featured nine percent fewer new listings, 22 percent fewer active listings and 19 percent more pending sales than August 2010.

The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the past 12 months. In August 2011, the Austin market had 5.7 months of inventory, compared to 6.9 months of inventory in August 2010. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

So what does this mean?  It means that the Austin real estate market for residential real estate is relatively healthy.  Of course, there are still people who owe more than their house is worth or folks who are looking for creative ways to sell their house fast.  This is why working with a real estate company that has both a Real Estate Broker as well as real estate investors is so valuable.

Austin Home Sales Report |Hippie Hollow Homes Advantage

If you have a situation that is not conventional, such as you owe more than your house is worth, you’re facing foreclosure, you cannot afford to pay Realtor / closing costs, need to sell your house quickly, etc… whatever your situation, we have real estate investors who can assist you.  Our out of the box, creative solutions have helped us participate in more than 1,200 real estate transactions since 2004.  All of our strategies we use are legal and work; after all, as our logo states, we have nothing to hide!

At Hippie Hollow Homes, we work tirelessly to solve the problems that plague distressed sellers in today’s marketplace.  We have years of experience and some of the top real estate investors in the country working for us.  We match strategies that work with the current state of the economy.  We can provide you with solutions.

We cannot help you if you don’t give us a call.

Contact us today at 512-900-7991, let us know your situation and we can provide you with options.

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  1. […]   Help Me Sell My House Sellers that NEED TO SELL A PROPERTY, but CANNOT AFFORD TO, because of the am…on of the property, and the tough real estate […]

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