Austin Area Real Estate Market Still Trending Upward
by Brad Pauly
on Thursday, January 31st, 2013 at 7:21pm.
According to the Austin Board of REALTORS, December 2012 marked the 19th straight month of increasing home sales in the Austin Area. There were also more home sales in December 2012 than any other December since 2006. Sales volume and total dollar volume increased by 17percent and 35 percent respectively from the same month in 2011. 2012 was the strongest year for the Austin Real Estate Market since 2006. The median sales price for homes in Austin for December 2012 was $210,000 which is an 11 percent increase from December 2011.
In 2012 total home sales were 19 percent higher than 2011, the median home price increased by 6 percent. Homes also spent an average of 15 fewer days on the market in 2012 than they did in 2011. Total dollar volume of sales increased by 26 percent from 2011 to 2012. All of this is good news for sellers and it looks like the Austin Real Estate market will be able to carry this momentum through to 2013 and continue this upward trend.