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Austin Real Estate its great time to sell.

May 24, 2012

As I get ready for my busy day, I am amazed by the turn around in our real estate market here in Austin Texas.
The numbers show that we are turning our market around.
From Austin to Cedar Park to Pflugerville ,Round Rock and all in beetween,homes are selling fast.
The inventory available to buyers is in short supply. Multiple offers are becoming a norm.
This April of 2012 was the 11th month in a row that we shown home sales increasing.
Compared to last year April that’s a 16% change. Furthermore in many areas we only have 4 months or less of inventory. Experts consider a 6 month supply to be balanced.

April’s overall housing numbers “suggest the recovery in Austin’s housing market continues to gain steam, said D’Ann Petersen, a business economist with the Federal Reserve Bank of Dallas who tracks the local housing market.

“Both existing home sales and pending home sales were up strongly compared to a year earlier, suggesting strong demand,” Petersen said. “Declining inventories also reflect the pickup in housing demand and should lead to price gains in areas with the tightest supply.”

Austin’s economy is outperforming the statewide average, with Texas being one of the best-performing states nationwide in job growth.

If you woul like an update on your market let us know

Ernie Hernandez
http://Www.austin-Cedarpark.com or http://www.erniesellsaustin.com

512-968-4663

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