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2013-08-20 12:12:33
July 2013 MLS Statistics for Austin

August 20, 2013 – According  to the Multiple Listing Service (MLS) report released today by the Austin Board  of REALTORS® (ABoR), the Austin housing market experienced its  highest-performing month to date in terms of home sales.


According  to the report, 3,135 single-family homes were sold in the Austin area, which is  35 percent more than July 2012. On  average, homes spent 41 days on the market, which is a decrease of 23 days from  one year prior.


Cathy  Coneway, 2013  Chairman of the Austin Board of REALTORS­®, explained, “The record  number of sales in July can be traced back to Austin’s job growth and strong  economy. The expected rise in mortgage rates may have also encouraged buyers to  act now. As home builder’s work to meet demand we can expect home prices to  steadily increase, which could price many out of the area.”
In July 2013, the median price for  Austin-area homes increased to $228,250, which is eight percent more than the  same month in 2012. Additionally, the market featured 2.8 months of inventory  in July 2013, which is 1.5 months less  than July 2012.
The total dollar volume of single-family  properties sold was $933,242,475, or 43 percent higher than the same month last  year. The market also featured 22 percent more new listings, 20 percent fewer  active listings and 20 percent  more pending sales in July 2013 compared to the prior year.
Coneway  concluded, “The housing affordability bond package, up for vote in November, is  a key component to maintaining a healthy housing supply and ensuring future  economic growth for Austin. Our community is at its strongest when there is a  steady supply of affordable housing for everyone who calls Austin home.” 


July 2013 Statistics

  • 3,135 – Single-family homes sold, 35 percent  more than July 2012.
  • $228,250 – Median price for single-family  homes, eight percent more than July 2012.
  • 41 – Average number of days single-family homes spent on  the market, 23 days fewer than July 2012.
  • 3,523 – New single-family home listings on  the market, 22 percent more than July 2012.
  • 6,104 – Active single-family home listings  on the market, 20 percent fewer than July 2012.
  • 2,773 – Pending sales for single-family  homes, 20 percent more than July 2012.
  • 2.8 – Months of inventory* of single-family homes, 1.5 months  less than July 2012.
  • $933,242,475 – Total dollar volume of single-family properties sold, 43  percent more than July 2012.
 
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