There are 63 defined areas in the Austin Multiple Listing Service, and although real estate statistics for the Austin area are pretty easy to follow, knowing more about these MLS areas gives you a better perspective of how Austin homes sales are really performing.

Its easy to say Austin home values are down approximately 4% from this time a year ago, but when you investigate more closely, there are actually areas of Austin where home values are UP!

As a matter of fact, 16 of the 63 areas defined in the Austin MLS actually experienced increases in median home values since a year ago... some as much as 7.5%.  Its hard to quantify where and why some areas see improved sales... for example in north Austin experienced decreased home values, while the adjacent MLS area had decreased home values.  Home values in one area in Round Rock increased, while the other area in Round Rock decreased, one area in South Austin decreased while the area across the street increased.

The factors causing the differences do not seem to be consistent... although the two areas with the best median price performance were in close in locations in West Austin.  However, the next two best performing areas were located well outside of Austin's city limits. 

Without specific factors identifying which areas would perform best, the list seems fairly scrambled, so if you'd like to know the areas that performed best, just drop us and email and we'll send you the list.

Overall though, Austin's real estate market is still weak compared to the recent past, as there are areas with 10 to 20% decreases in median home values, some close to downtown, and some in the suburbs.  Austin remains one of the best real estate markets in the country, however, and buying and selling here are far more appealing than in other U.S. markets.