AustinTowers is very pleased to announce one of the biggest enhancements to the site: up-to-date information on downtown Austin condo sales and inventory.
The AustinTowers | TOWERS Realty Downtown Austin Condo Market Index provides a month-by-month snapshot of the strength of the downtown Austin condo market. The index includes three components which will be updated each month:
– The Monthly Sales Index provides a snapshot of actual downtown Austin condo sales including the aggregated number of units sold, sales price, price-per-square-foot, and average days on market.
– The Monthly Inventory report provides aggregated data on all downtown condo units listed on the market.
– The 12-month Rolling Sales Index looks at the previous 12 month sales average to better capture current market trends. Unlike pure monthly results which fluctuate wildly with seasonal changes and the effects of outliers on small transaction volumes, the 12-month index provides a clearer view of the trend over time.
The index can be found on the main navigation bar under the heading “Market Index.” The results will be update each month when the prior data becomes available. AustinTowers would like to thank our good friends at TOWERS Realty for providing the data to make the index possible!
See the index here.