home prices

flickr.com/winemegup

Austin’s housing market is hot. So hot, in fact, that it wasn’t seriously dampened in the recession to post-recession period.

New census data shows home values in Austin and in Travis County increased between 2007 to 2009 and 2010 to 2012. Most other large areas in the country saw home values decrease between those two periods.

Out of the country's  50 most populous cities, only nine cities saw an increase in the median home values during those periods. And Austin lead the pack:

  • Austin, TX: + $13,800
  • Denver, CO: + $9,600
  • Oklahoma City, OK: + $8,100

flickr.com/bcostin/

Home sales in the Austin area fell from May to June. The drop was unexpected because of the strength of the housing market in Central Texas and because June is a prime time to buy homes.

The Real Estate Center at Texas A&M University analyzed MLS listings and found there were 3,085 sales of single-family homes, townhomes and condos in June. That's down from 3,157 sales in May.

http://www.flickr.com/photos/bunchesandbits/4714938136/

More homes sold in the Austin-area last month than in any May on record, according to a report by the Austin Board of Realtors. Their analysis of MLS Listings shows 2,991 homes were sold in May, an increase of 29 percent over the same month last year.

The increased demand sent the median home price up by eight percent to $231,500. The average home is sitting on the market for just 44 days, which is 19 days less than May last year, according to the report.

http://www.flickr.com/photos/digallagher/4880157508/

Austin area home sales jumped by 32 percent in April compared to the same month last year. The Austin Board of Realtors says 2,563 single-family homes were sold last month.

That marks a nine-year high for the month of April, and it represents the twenty-third straight month of year-over-year sales increases. 

Bunches and Bits/Flickr http://www.flickr.com/photos/bunchesandbits/4714938136/

The Texas real estate market rang out 2012 on a high note, according to the latest reading from the Texas Association of Realtors. It says 56,488 single-family were sold across the state in the fourth quarter of last year. That's an increase of almost 20 percent over the same period in 2011. 

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