One statistic to which no one pays much attention, is in my opinion one of the very most important statistics we have. The ratio of homes under contract to those actively for sale is a strong indication of how the market area is performing right now. Its pretty straighforward - the higher this ratio is, the better home sales are!

The Austin Multiple Listing Service defines 59 geographic areas and publishes statistics for each.  An amazing statistic is that Round Rock West, (the area of Round Rock located west of Interstate 35) had never broken the top 10, but has been one of the top 10 areas for four months in a row! As a matter fact, Round Rock home sales in this area ranked number 3 in November after having ranked #19 only two months before!

What this means is simply that home sellers in this area are more likely to sell their homes than they were only a few months ago.

Historically suburban areas such as Round Rock, Cedar Park, Leander, Georgetown, Buda and others have performed well below MLS areas in Austin. AS a matter of fact, a suburban MLS area rarely ever even broker the top ten and sometimes are not found until the top 15 or even top 20.

The fact that Round Rock West is ranked so high repeatedly is a tremendous sign of the improving strength of home sales in this market area. We have been predicting it, we have been expecting it, but quite sincerely, we did not anticipate Round Rock home sales to improve this dramatically!

FYI, homes sales in South Austin have for years been ranked at or near the top of this list!