2011 - 4th Quarter
Each section of the Austin area was analyzed to reveal its underlying, localized market condition.   We pulled this data:

1. Median List Price
2. Current Listings
3. Foreclosure Listings
4. Months of inventory

The number of months required to sell the current inventory is a key indicator of market condition. Here is a rule of thumb:

1-3 months = Sellers Market

4-6 months = Balanced

7 + months = Buyers Market

(Months of inventory is figured by dividing the # of current listings by the rate of sales during the past 12 months. For example, if there were 24 sales in past 12 months the sales rate is 2 sales per month. If there are 10 homes on the market, it will take 5 months to sell the inventory. )
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*MLS Area 1B
<$800,000 2.48 months
>$800,000 9.47 months

*MLS Area 8e

<$800,000 1.79 months
>$800,000 4.95 months

*MLS Area RN

<$800,000 3.18 months
>$800,000 15.39 months

*MLS Area 8W

<$800,000 1.56 months
>$800,000 7.29 months

*MLS Area W

<$800,000 1.88months

>$800,000 12 months

*MLS Area LN

<$800,000 8.71 months
>$800,000 33.6 months

*MLS Area LS

<$800,000 7.09 months
>$800,000 21.97 months

Inner Core Neighborhoods

MLS Area 1A
Median Price: $531,000
Current Listings: 36
Foreclosures: 2
Months of Inventory: 1.91

*MLS Area 8e
Median Price: $1,495,000
Current Listings: 65
Foreclosures: 0
Months of Inventory: 3.21

MLS Area DT
Median Price: $1,400,000
Current Listings:5 Houses only
Foreclosures: 0
Months of Inventory:(N/A)