Local Agents Offer Advice on the Austin Real Estate Market

Find Homes & More at Homes.org

Austin, TX (PRWEB) November 04, 2011

Homes.org, a fast growing real estate search portal, is now bringing buyers and sellers advice on the Austin real estate market from the local agents who live, work and play in the city. “All in all, we’re very fortunate to be in the Austin market,” said Eric Bramlett, Broker / Realtor and Owner of One Source Realty in Austin, TX. “The Austin real estate market remains extremely stable, but most sub-markets still lean towards buyers. On average, sellers can expect to sell their properties between 96% and 97% of asking price, in about 2.5 months. The market is ticking slightly up, with year over year volume up, and inventory down.”

The real estate market in Austin, TX has repeatedly been listed as one of the top markets in 2011 by Business Insider, DailyFinance.com and more. Based on figures released by the Austin Board of Realtors® on October 19, 2011, the recognition is well deserved. During September, Austin experienced a 31% increase in home sales and a 25% increase in the sale of condos and townhomes compared to the year before.

Austin, TX Real Estate Market September Information and Statistics

County: Travis

Zip Codes in the City: 78701-78705, 78708-78739, 78741-78742, 78744-78769

Population: 790,390

Total Households: 435,644

Median Home Value (2005-2009): $ 189,600

Median Sales Price: $ 189,000

Average Sales Price: $ 250,832

Homes Sales in September: 1,681 homes sold

Foreclosures: 1 in 1,379 (Travis County)

Renters vs. Owners: 55.1% vs 44.9%

Type of Home:

     31.1% Single Family

     4.9% Condo

     64% Other

Popular Neighborhoods Seeing Improvements:

    Allandale
    Bouldin
    Brentwood
    Clarksville
    Crestview
    Downtown
    Franklin Park
    Galindo
    Hancock
    Heritage Hills
    Highland
    Hyde Park
    Rosewood
    South Congress
    Windsor Park
    Windsor Road
    Zilker

To learn more about real estate in Austin, TX, please visit: http://www.Homes.org

About Homes.org

Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.

About Star Nine Ventures®

Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine’s core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.

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