Home sales increase 14% – that’s a 7 year high! Austin is experiencing the 30th straight month of sales volume increases. This is the most homes sales in November since 2006. The Austin real estate market is HOT, and if you are seller, you are in control (within reason).
Click to Tweet this – Austin Real Estate Stats and Infographic for November 2013
Austin Real Estate Stats
According to the Austin Board of Realtors
- Home sales are up 14% year-to-date when compared with the November of 2012.
- The median price of a house in the Austin area is also UP 10%.
- Homes took an average of 51 days on the market to sell, a decrease of 16 days from last year, even in this usually slow holiday period.
- There are only 2.3 months of inventory, (a balanced market has a 6 month supply). this means there isn’t a huge selection of homes to view if you are looking.
Normally, during the holiday period, starting around Halloween, and continuing through Thanksgiving and into the beginning of the year, we see a slow down in sales, however because of Austin’s popularity, strong job market, and healthy economy, housing sales are continuing at a record setting pace.
While homes don’t typically sell quite as quickly in the winter months as they do in the spring, houses are selling 16 days faster than they did at this exact same time last year, and there are fewer homes available, too,
Selling your house in Austin
If you are thinking about selling your house in austin, either to move to a new neighborhood, downsize, or cash out, I can provide you with data that can help you make your decision, including the actual prices homes like yours have sold for in the last 30 days.
Buying a house in Austin
There are still tons of great opportunities to purchase in Austin, contact me today to learn which neighborhoods are appreciating the fastest.