Market Trends in Austin: Back in Neutral Territory

Although the perception appears to be that Austin is in a buyers' market, months inventory indicates it is still in neutral territory. This could be a result of a seasonal slowdown and tightening of the credit market. Currently (11/30/08), Austin has 5.7 months' inventory of single family homes, including condos. Months' inventory indicates how long (months) it would take to absorb all current listings, provided no new homes are added, and is based on current listings and a twelve month moving average of sales. It is an important early warning indicator of a changing market, and while it varies from city to city, historically Austin's market appears to have the following characteristics:

Historical Months' Inventory: Austin, TX © N. Pirani

For a more detailed analysis of home sales in selected subdivisions, click on the following links:
North Austin      South Austin      West Austin      Round Rock

For more information on the significance of this data, or the value of your home, Contact Us.