Austin Market Update

Austin-area homes spent an average of 77 days on the market, four days longer than July 2010. The Austin market also featured 13 percent fewer new listings in July 2011, which was 20 percent fewer active listings and 28 percent more pending sales than in July 2010.

According to Judith Bundschuh, Chairman of the Austin Board of REALTORS, “The combination of decreasing listings and increasing sales means the inventory of Austin-area homes is beginning to shrink.  Recent sales activity continues to follow an upward trend, indicating that Austin could be returning to a pre-recession cycle.”

Christine Choate -

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