Austin-area home sales hit six-year high for the month of December 2012 — another whopping good month for homes sales in Austin, Texas. Home sales volume continues to rise as December became the 19th straight month of sales volume increases reflecting the largest number of home sales in the month of December since 2006.
Stable Prices and Strong Demand Spurs Activity in Austin
The year-end sales data shows momentum continuing in Austin real estate, trending steadily into 2013 as stable prices and strong demand spurs activity. According to the Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®, “1,828 single-family homes were sold in the Austin area in December 2012, which is 17 percent more than December 2011, and the total dollar volume of single-family properties sold was $513,028,200, or 35 percent higher than the same month last year.”
Homes Sold Faster in 2012 than 2011
The MLS report also “included figures for all of 2012, during which 22,946 Austin-area single-family homes were sold, which is 19 percent more than 2011. Over the course of the year, the median price of homes in the Austin area increased six percent to $205,000 and homes spent an average of 69 days on the market, 15 days fewer than 2011. At the same time, the 2012 Austin real estate market featured three percent more new listings, 20 percent fewer active listings and 19 percent more pending sales than 2011.”
Strong Housing Market Proves Austin is Growing
This powerful trend is one of the reasons why Austin is the #1 fastest growing city in America as reported by Forbes magazine, and Kiplinger’s Personal Finance magazine rates Austin #1 on its list of Best Cities for the next decade.
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Buying or Selling a Home in Austin
Our team of Austin real estate experts can help. Whether you’re looking to buy a home in Austin or sell a home in Austin, we can help you interpret the market and get a good deal. Check out our Austin Home Buyers Program or our Austin Home Sellers Program to learn more about who we are and how we’re different from most Austin Realtors.