512-740-6486 – http://KeepAustinWeirdHomes.com – Austin, TX Real Estate and Investment Specialists.
June’s statistics for the Austin real estate market show continued strong demand for housing. Although the frenzied pace of May’s multiple offer “flash” market has eased just a bit, the Austin real estate market is still fast moving and shows year over year increases in every measurable statistic. In fact, June 2013 showed the highest level of home sales for June since 2007.
The number of homes available to purchase continues to plummet, with only 2.9 months of inventory available. The average number of days a home spent on the market before selling was 43 in June. On average, a home in the Austin real estate market cost $235,000 in June, 2013, an 8% increase from June of last year.
These increases carry over into the condominium sales for the Austin real estate market. In June 2013, 20% more condos were sold than in June 2012, and condo prices increased by 6% from last year as well.
June 2013 Statistics
- 2,767 – Single-family homes sold, eight percent more than June 2012.
- $235,000 – Median price for single-family homes, eight percent more than June 2012.
- 43 – Average number of days single-family homes spent on the market, 16 days fewer than June 2012.
- 3,613 – New single-family home listings on the market, eight percent more than June 2012.
- 6,046 – Active single-family home listings on the market, 22 percent fewer than June 2012.
- 2,812 – Pending sales for single-family homes, 16 percent more than June 2012.
- 2.9 – Months of inventory* of single-family homes, 1.5 months less than June 2012.
- $841,090,524 – Total dollar volume of single-family properties sold, 15 percent more than June 2012.
Keep Austin Weird Homes
Theresa Bastian and Rodney Campbell run an Austin, TXreal estate brokerage established with the intention of doing good business with good people. As Austinreal estate market experts, Theresa and Rodney can help you buy, sell, lease or invest in real estate in and aroundAustin,TX.
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