March 2013 Austin, Texas, Housing Statistics Revealed

For the 22nd straight month, the Austin, Texas, real estate market has seen a growth in sales volume.   Here are the March 2013 real estate market statistics:

  • 2,166 – Single-family homes sold, a 16 percent increase compared to March 2012.
  • $220,000 – Median price for single-family homes, a 10 percent increase compared to March 2012.
  • 64 – Average number of days single-family homes spent on the market, 20 days fewer than March 2012.
  • 3,283 – New single-family home listings on the market, two percent fewer than March 2012.
  • 5,218 – Active single-family home listings on the market, 28 percent fewer than March 2012.
  • 2,754 – Pending sales for single-family homes, 18 percent more than March 2012.
  • 2.6 – Months of inventory* of single-family homes, 1.8 months less than March 2012.
  • $616,354,794 – Total dollar volume of single-family properties sold, 28 percent more than March 2012.

Information gathered through the Austin Board of REALTORS®

Austin Real Estate Market | March 2013 Housing Statistics Analysis

Home prices and sales volume continue to rise while inventory continues to fall in Central Texas.  Right now, the Austin home market has 2.6 months of inventory.  To put this number in perspective, a ‘sellers’ market is considered when there is less than 6 months of inventory.

Houses are selling quickly too, as they are averaging about 64 days on the market, which is less than the 84 days just a year ago.

According to ActiveRain:

Austin’s housing inventory continues to be one of the lowest in Texas and Buyers should prepare to act fast on a home they want and to possibly offer over list price as 97.4 percent of homes are selling to list price.  http://activerain.com/blogsview/3698600/austin-area-home-sales-up-16-percent-in-march-2013

Now is a great time to sell a house if it is in perfect, after repair value condition and you can afford to wait 2-3 months to sell it.

But what if that’s not your situation?

Many distressed sellers in Austin, Texas, want to sell their house quickly but can not do so due to the condition of the house, lack of equity, timing, etc…

For those, Hippie Hollow Homes can help!

Austin Real Estate | Hippie Hollow Homes

Hippie Hollow Homes is a group of real estate investors who have participated in more than 1,200 real estate transactions since 2004 using multiple types of real estate strategies. We know 12 different ways to buy and sell homes in Central Texas, and can sell your house no matter the situation or the economy.

Hippie Hollow Homes is uniquely different from any other real estate solutions provider. Contact us and we guarantee the following:

  1. We will always make you an immediate offer
  2. We will always offer to list your home, with one of our affiliate agents, with our purchase offer as a back-up
  3. We will also make you some creative offers that may be more beneficial to your situation and time frame
  4. We will share with you a market analysis on your home, that determines it’s as-is value, in today’s market, compared to homes recently sold around yours
  5. Our offers are no-pressure, no-obligation

The only way we can’t help you sell your Austin home is if you don’t contact us, to call us at 512-473-6633 today or click here.

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