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February 17, 2011 – According to the Austin Board of Realtors, pending sales in the Austin region increased 7.2 percent since January 2011 to 1,587 purchase agreements signed. New Listing activity decreased 16.2 percent, which means sellers placed 2,779 new homes on the market. At this rate, they should expect their properties to sell after approximately 87 days.Prices climbed upward. Median Sales Price increased 6.3 percent over last January to $186,000. Negotiations moved toward buyers as Percent of Original List Price Received at Sale decreased to 91.6 percent. Months Supply of Inventory inched up 3.3 percent to 5.9 months.