According to the Austin Association of Realtors, there were 80 pending sales of single-family homes in the Kyle-Buda area in October, compared to 62 in October 2010. (Hays Free Press photo)
by WES FERGUSON
The local housing market continues to show signs of new life, with real estate agents selling 40 percent more single-family homes in October than they did during the same month in 2010.
With 69 homes sold in October in the Kyle-Buda area — compared to 49 in October 2010 — the Austin Association of Realtors reports that sales this year are moving at a slightly faster clip than they were through the same 10-month period in 2010.
Home sales had gotten off to a slow start in 2011, and some local real estate agents blamed a hangover following the conclusion of last year’s federal first-time homebuyer tax credit.
Despite the increase in single-family home sales in October, however, fewer homes were on the market. The number of active listings was down to 345 from 385 in October 2010.
In other data gleaned from October home listings, the median price was down to $148,000 from $151,000 a year ago.
There were 109 new listings compared to 98 last year, and 80 pending sales compared to 62 in October 2010.
The Realtor group estimated it would take 72 days to sell a home, eight days shorter than the 80 estimated days to sell a year ago.
Please see 1D of this week’s edition for a graphic of home sales in Hays County.
Related stories:
