‘Round Our Town’ – Round Rock Real Estate Update – November 2012
I’m sensing a promising trend in Round Rock real estate…
It’s not sales price or inventory figures that have my feathers ruffled, although those are profound indicators, as well.
The big number is actually the smallest number I talk about each month: Days on market – In other words, the length of time a home spends on the market before receiving an accepted offer.
Most notably, days on market dropped a whopping 15.7% since November, 2011. Additionally, we’re still witnessing month-over-month decreases; case in point – October’s figure was 57 days, while November boasted 54, a 5.5% slide.
What does all this mean? A “balanced” market typically falls between 30 and 90 days on the market, meaning we are healthy and happy, right here in Round Rock!
As the holiday season ensued, many sellers withdrew their homes from the market, and the November stats reflected this – inventory of single family detached homes fell from 559 in October to 530 just one month later.
Closed home sales continued to be vigorous, and Round Rock witnessed a 37.7% increase from 186 last November, to 208 during the same period in 2012.
Our neighbors in Austin (of which our homes sales statistics contribute to) experienced a 5-year high, leading Leonard Guerrero, Chairman of the Austin Board of REALTORS® to say this: “The Thanksgiving holiday did not slow down the Austin real estate market. This is the strongest November housing market we’ve seen since the recession.”*
Now, that’s just good stuff, all the way ‘round our town. May 2013 bring you and your family much love, laughter and prosperity.
What makes Lora and the GoodLife Team different? Register for a limited-availability ‘Round Our Town Elite Buyer or Seller Consultation today by registering at http://texaslora.com/round-our-town/ (or emailing email@example.com) and mentioning this blog. Find out how we change customer service to a five-star customer experience.
Lora Tucker Kaasch, Realtor®
The GoodLife Team
*Quote from Austin Board of Realtors
**This report uses Round Rock home sales data based on transactions that closed in November, 2012, and compares it to closings that took place during the same period last year (unless otherwise indicated). Information from the “Local Market Update – November, 2012” by the Austin Board of Realtors®
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