Statistics show strengthening of the Austin housing market during May. Sales are up now, four months in a row. As I noted last month, it is still too early to claim whether it is a permanent turn around in the market. The table below shows inventory levels for May of Austin homes in different price ranges.
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Inventory Levels Based on Home Price in the Austin Area for May 2009
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Home Prices
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Sales
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Listings
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May Inventory
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Apr.Inventory
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100K-200K
|
777
|
2919
|
3.8 months
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4.0 months
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200K-300K
|
416
|
2095
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5.0 months
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5.5 months
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|
300K-500K
|
279
|
2301
|
8.2 months
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9.0 months
|
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500K-1M
|
100
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1519
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15.2 months
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21.0 months
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