Round Rock Real Estate Update – June 2012. Submitted by Lora Tucker Kaasch of Good Life Team Real Estate Brokerage.
Welcome to Round Rock’s Good Life, a monthly snapshot of our residential real estate market. This report uses Round Rock home sales data from the Austin Board of Realtos based on transactions that closed in June, 2012, and compares it to closings that took place during the same period last year. Closings typically occur four to six weeks after a contract is executed, and, for that reason, the sales activity here trails the actual market conditions slightly.
Several figures indicate that we’re well on our way to a healthy, more balanced, real estate market. Specifically, the number of closed sales in June, 2012, was up 6.7% to 254 for the month, compared to the same period last year. To boot, the average days a home spent on the market dropped drastically from 71 to only 49 days (that’s a decrease of 31% in one year’s time!). Coupled with the fact that there were 15.1% more homes on the market from June, 2011, these figures demonstrate that there is a sufficient buyer pool to absorb the additional homes for sale, spurn an increase in number of homes sold, while still nudging the median home sales price needle (up to $214,250, almost $14,000 higher than the same period in 2011).
Despite the year-over-year increase in median sales price, sellers received offers averaging 96% of the home’s original list price, year-to-date, a 2.6% increase from 2011.
I may be biased, but the greater Round Rock area offers the best of the best in central Texas living. A thriving, close-knit community, layered with seasoned, old-world charm, and infused with modern taste and convenience – living doesn’t get much better.
If you have questions about Round Rock’s Good Life, or about real estate in general, I’m here for you.
You have my word on that.
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