A recent story from KVUE covered something very impressive in regards to the Austin real estate market: In October, Austin single family home sales increased 38% compared to a year ago — and that’s the largest year-over-year percentage gain we’ve had in over four years. This is actually the second month in a row that has shown signs that Austin is bouncing back.

What may be to thank for this huge increase is the $8,000 first-time home buyer federal tax credit so many people are taking advantage of. A Realtor quoted in the story explained that buyers are definitely motivated by the tax credit, which was recently extended. Plus, home prices are low and interest rates are good. He expects November to be strong as well. We’ll know more in a couple of weeks when figures are released.

The numbers from October: Median sold price was $182,000, down from 2008. Homes that sold were between $100,000 and $249,000.

Search for Austin Real Estate

Prices are low and rates are good — now’s a great time to buy. HometoAustin.com is the best Austin home search tool around. Search by Zip code, subdivision, city, MLS number and even keyword to find listings. If you’re not ready to buy, you can also search for leases.