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2013-05-21 10:02:04
April 2013 Home Sales Statistics Austn, TX

Austin-area  home sales up 32 percent, hit nine-year high for April

Austin Board of REALTORS® releases real  estate statistics for April 2013

 

AUSTIN, Texas – May 21, 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 April became the 23rd  straight month of year-over-year sales volume increases, and April saw its most  home sales since 2004.

According to the report, 2,563 single-family  homes were sold in the Austin area in April 2013, which is 32 percent more than  April 2012. On average, homes spent 50 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, “On  average, Austin-area homes are now selling in only six weeks. Buyers should  think hard about the type of home, features and amenities they’re looking for  and then be prepared to move quickly once they find a home that fits that  description.”

The total dollar volume of single-family  properties sold was $794,158,365, or 52 percent higher. The market also  featured 10 percent more new listings, 25 percent fewer active listings and 20  percent more pending sales in April 2013 compared to the prior year.

 

In April 2013, the median price for  Austin-area homes increased eight percent more than the same month last year to  $227,250. Additionally, the market featured 2.7 months of inventory in April  2013, which is 1.3 months less than April 2012.

“It’s good to see a 10 percent increase in  new home listings,” Coneway adds. “As Austin-area home sales continue to  increase and the time homes spend on the market continues to shorten, it is integral  that our housing supply also increases to meet this surging demand.” 

 

April 2013 Statistics

  • 2,563 – Single-family homes sold, 32 percent more than April  2012.
  • $227,250 – Median price for single-family homes, eight percent  more than April 2012.
  • 50 –  Average number of days single-family homes spent on the market, 19 days fewer  than April 2012.
  • 3,561 – New single-family home listings on the market, 10  percent more than April 2012.
  • 5,488 – Active single-family home listings on the market, 25  percent fewer than April 2012.
  • 2,976 – Pending sales for single-family homes, 20 percent more  than April 2012.
  • 2.7 –  Months of inventory* of single-family homes, 1.3 months less than April 2012.
  • $794,158,365 – Total dollar volume of single-family properties sold, 52  percent more than April 2012.
 
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