Here are a few statistics on 2009 home sales:

Median List Price: $169,900

Sales Price to List Price Ratio: 98.9%

Average List Price / sqft: $106

Average days on market: 44

Sold vs All Listings: 87%

As you can see, home sales are strong in this area which is great for first time homebuyers.

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Austin MLS prices

Austin’s 78756 is a vibrant area containing the Rosewood neighborhood.

There are a number of historic, locally owned businesses on Burnet Road and Northloop whose iconic signs define the area.

There are condos and houses in the area in a vast swathe of pricing – from efficiency condos below $80,000 to houses about $700,000. There are also a few duplexes in the neighborhood.

The median sales price in the last 12 months for single family homes is $337,000, with an average price per square foot in 78756 of $221.

What is your chance of selling your home in 78756? That really depends on which Rosedale Realtor you use.

Statistically, more homes have failed to sell in 78756  than have successfully sold in the last 12 months. This is shown below.

Rosedale Home Sales Data

Looking at the amount of homes for sale in 78756 right now, there are around 6 months of inventory in the Austin MLS.

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There are 29 homes for sale, and at the time of writing there are 15 homes under contract. There is typically an acceleration in sales at this time of year, and at current inventory levels, there are only two months of inventory. This is a strong sellers’ market.

Homes are attracting strong offers

The chart above shows a very high list price to sales price ratio, and sellers taking advice will hold out for strong offers. The area has great amenities and is convenient for major employers.

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• Austin Sellers Market Blog