Austin Snapshot - August Numbers

August numbers revealed, courtesy of the Real Estate Center:

• 1,670 sales (1,959 in August 2009)
• $260,100 average sales price - $278,200 in July, $267,300 in June ($237,000 in August 2009)
  
• $196,500 median sales price - $214,400 in July ($187,800 in August 2009)
  
• 12,575 total active listings - 13,336 in July (10,940 in August 2009)
  
• 7.1 months of inventory - 7.4 in July, 7.2 in June (6.8 months in August 2009)
  

I have seen more activity lately, not sure what to expect. Buyers looking to steal a deal? Slight rate movement upward getting them off sidelines? Seller prices reasonable? Market nearing (at?) bottom? History will tell!

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