Austin Condo Sales Slow, Prices Hold Steady
Posted by Mary Ann Castro on
The Texas Association of Realtors has just published their annual report on the Condominium sales statistics in the state of Texas, and the results are interesting for Austin. While other areas in the state experienced modest gains (3% gain in Dallas, 6% gain in San Antonio) or losses 1% loss in Houston) in terms of overall sales, Austin Condo Sales dropped by 12% when compared to the same time period last year.
In terms of the average value of condos sold in Austin, the average sale price and the price per square foot both increased by 9%. The average time spent on the market also dropped by 8% to an average of 43 days from listing to sale, all numbers that indicate that demand is still strong despite fewer sales.
The report states that condo sales are…
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