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Austin Real Estate Market Statistics May 2010

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The Austin real estate market has improved only slightly when May 2010 is compared to May 2009. This year has shown a 16% increase in home sales and 2.6% increase in the median sold price per square foot when compared to the same time period in 2009. However May 2010 still proved to us summer is among us with a 5.2% increase in the number of homes sold and a 2.3% increase in the median sold price per square foot as compared to May 2009. It is taking less time for the average homeowner to get their home sold or leased this year when compared to 2009. There has been a significant increase in the supply of homes from 3 months to 6.5 months due to a great number of people putting their home on market for sale as we enter summer.

For a more detailed market update with average cost per square foot, numbers of homes for sale, pending, and withdrawn, and more, feel free to read my full report by clicking here: Regent Property Group Market Update.

Source: The raw data in this report was provided by the Austin Board of REALTORS® but interpreted by Austin Realtor® Brian Talley of Regent Property Group. The information contained herein is subject to errors, omissions and changes without notice. Any information, statistics, analytics, recommendations or opinions provided in this report are subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Regent Property Group LLC. Statistics in this report may be updated as more information is added or changed from the source of this information.

Brian Talley
Owner/Real Estate Broker
Regent Property Group

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