Residential Single Family Closed June 2011

Looks like the Austin real estate market is headed in the right direction. Below is a comparison of the number of closings through June of 2010 and 2011 for the Austin area according to the Austin Board of REALTORS.

Number closed through June 2010 – 10,453
Number closed through June 2011 – 9,869

Now if you look that, you might not think that looks good. It is true that the amount of sales are down for the year, but last years numbers were inflated by the tax credit. So more homes had sold in the months prior to June before a huge drop in July after the tax credit was over.

If you look at the number of closings for just June, sales are actually up this year and there shouldn’t be as big of a drop that we saw in July of 2010.

Number of closings June 2010 – 2,164
Number of closings June 2011 – 2,226

Closings for July 2010 dropped to 1,587.  Also, the average sales price so far for 2011 is $255,000, which is up from $241,000 by this point last year.

Looking at those numbers, things look bright for the Austin real estate market and your home investment.

If you would like more information about the Austin Real Estate market.
Please feel free to call/text or email me.

Ryan Reber | REALTOR® | Keller Williams Realty | Austin, TX
Cell: 512.554.1106 | Office: 512.346.3550 | E-fax: 512.623.6366
RyanReber@KW.com | www.RyanReberHomes.com

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