Invest in Austin
Austin is constantly at the TOP in all realms.
In the past year Forbes alone has named Austin as……
Why wouldn’t you want to invest here? This is the place to be! Your investment is SAFE here in Austin. We have the jobs, the growth, and the stable economic structure.
Need more proof? Here are the numbers.
1. The market continues to be HOT with HIGH SALES and LOW INVENTORY. (Basic economics here people! - Supply and Demand)
2. Inventory is DOWN for the 12th month in a row comparing month to month 2011 to 2012.
a. Units and inventory refer to Single Family Residential, Condominiums and Townhomes.
b. May 2011 units = 11,033 ——- May 2012 units = 8,465 @2,500 less homes FOR SALE
c. DOWN -23% compared to May 2011
d. Months of inventory are 4.5 months
3. Sales are UP for the 12th month in a row comparing month to month 2011 to 2012.
a. May 2011 = 2,066 units of sales; May 2012 = 2,618 units of sales = +27%
b. Comparing year to date 2011 to 2012 sales are UP +18%
4. Price is UP +4% comparing the total 12 months median price for 2011 and 5 month median price for 2012.
What do these numbers mean?
Austin is in a SELLER’s market. Our inventory is low so you are seeing multiple offers and offers above sales price, and a lot of cash buyers.
Whether you are a buyer, seller, or investor you can feel good about Austin’s real estate market. It really is that GOOD!
Take that step towards achieving your financial goals, the time is now …. invest in Austin.