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2013-06-21 07:33:25
May 2013 Satistics for Austin, Texas

AUSTIN, Texas – June 20, 2013 According to the Multiple Listing Service  (MLS) report released today by the Austin Board of REALTORS® (ABoR),  the volume of Austin-area home sales continues to rise, as May 2013 marked two straight years of sales volume  increases and the most  home sales in May on record.

According to the report, 2,991 single-family  homes were sold in the Austin area in May 2013, which is 29 percent more than May  2012. On average, homes spent 44 days on the market, which is a decrease of 19  days from one year prior.

 

Cathy Coneway,  2013 Chairman of the Austin Board of REALTORS­®, explained, “This is  a great month for the Austin-area housing market. This is a record month with  nearly 3,000 single-family homes sold in May—an incredible trend I expect to  continue through the summer.”

 

The total dollar volume of single-family  properties sold was $904,460,454, or 40 percent higher than the same month last  year. The market also featured 11 percent more new listings, 24 percent fewer  active listings and 10 percent more pending sales in May 2013 compared to the  prior year.

 

In May 2013, the median price for Austin-area  homes increased to $231,500, which is eight percent more than the same month in  2012. Additionally, the market featured 2.7 months of inventory in May 2013,  which is 1.7 months less  than May 2012.

 

Coneway  adds, “The Austin  Chamber of Commerce states that 150 people move to the Austin area every day,  so it’s no surprise homes are selling at a rate not seen since 2001. With these  numbers, it’s important that our housing inventory remain strong to meet this  unprecedented demand.” 

 

May 2013 Statistics

    • 2,991 – Single-family homes sold, 29 percent more than May  2012.

 

    • $231,500 – Median price for single-family homes, eight percent  more than May 2012.

 

    • 44 –  Average number of days single-family homes spent on the market, 19 days fewer  than May 2012.

 

    • 3,735 – New single-family home listings on the market, 11  percent more than May 2012.

 

    • 5,735 – Active single-family home listings on the market, 24  percent fewer than May 2012.

 

    • 2,857 – Pending sales for single-family homes, 10 percent more  than May 2012.

 

    • 2.7 –  Months of inventory* of single-family homes, 1.7 months less than May 2012.

 

  • $904,460,454 – Total dollar volume of single-family properties sold, 40  percent more than May 2012.
 
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