The Carvajal Group Blog

September 10th, 2010

According to ZipRealty Inc., Austin area home asking and selling prices have both risen 17 percent from August 2009. Total sales stats paint a less optimistic picture, however.

While the average selling price for a Travis County home has risen from last year’s $282,869 to this year’s $331,200, total sales fell about 19 percent from last year.

Days on the market before sale has also increased 3 percent — to 71 days — and more than 50 percent of sellers reduced the asking price last month.

On average, sellers were able to obtain around 96 percent of their asking price.

If you are looking to buy or rent real estate in Austin, or have any questions about the real estate market, contact the Austin real estate agents at Carvajal Group at 512-419-7770 today.

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