May 2013 Austin Real Estate Market Report

The Austin, Texas, Real Estate Market Report for May 2013

Watch the video below for the latest real estate market statistics for Austin, Texas

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Highlights of the Austin Real Estate Market

The Austin real estate market is hot right now and not showing any signs of slowing down anytime soon.  Here are the May 2013 statistics, according to the Austin Board of Realtors:

  • 2,991 – Single-family homes sold, 29 percent more than May 2012.
  • $231,500 – Median price for single-family homes, eight percent more than May 2012.
  • 44 – Average number of days single-family homes spent on the market, 19 days fewer than May 2012.
  • 3,735 – New single-family home listings on the market, 11 percent more than May 2012.
  • 5,735 – Active single-family home listings on the market, 24 percent fewer than May 2012.
  • 2,857 – Pending sales for single-family homes, 10 percent more than May 2012.
  • 2.7 – Months of inventory* of single-family homes, 1.7 months less than May 2012.
  • $904,460,454 – Total dollar volume of single-family properties sold, 40 percent more than May 2012.

Cathy Coneway, 2013 Chairman of the Austin Board of REALTORS®, explained, “This is a great month for the Austin-area housing market. This is a record month with nearly 3,000 single-family homes sold in May—an incredible trend I expect to continue through the summer.”

Given the fact that more people are moving to Austin than new homes being built, it doesn’t appear that this trend will be slowing down anytime soon.

The Austin Chamber of Commerce states that 150 people move to the Austin area every day, so it’s no surprise homes are selling at a rate not seen since 2001. With these numbers, it’s important that our housing inventory remain strong to meet this unprecedented demand.

Austin Real Estate Market | How to Sell Your House Fast

For many, it is truly easier to sell a house now than last year.  However, if you must sell fast but still have no equity or are heading to foreclosure or can’t afford to make repairs, Hippie Hollow Homes can assist!

We specialize in 12 different ways to buy and sell houses.  Since 2004, Hippie Hollow Homes has participated in more than 1,200 real estate transactions – many of which required creative, out of the box solutions.

No matter what your situation, we’ve seen it and we’ve sold it.  The only way we cannot help you is if you don’t contact us today.

 

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