For the 11th week in a row, we still see an increase in the number of new listings coming on the Austin market.  The number of pendings and sold units actually decreased a little recently.  Pendings decreased by 10% while the number of sold units decreased slightly by 2.70%.

The average sales price for this past week increased by more than 15% over last year, giving us an average sales price of $277,164 over last years average sales price of 239,887.

What this shows is the market is going up still. May, June and July are typically when the most buyers are in the marketplace. So if homes are priced right they will move quickly. As always staging and pricing are important factors in getting a home sold for the most money and quickly. I am still suprised when I go out and preview homes how many aren’t staged or in good condition. Buyers are saavy enough to notice this and will bypass these homes unless they are really below the market.