August 2013 Austin Real Estate Market Update

August 2013 Austin Real Estate Market Update Video

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The Austin real estate market is booming and continues to grow at a record pace.

According to the Austin Board of Realtors (ABOR), home sales in August increased by 30% and the market has doubled in size since 2010.

The market also featured 16 percent more new listings, 16 percent fewer active listings and 9 percent more pending sales in August 2013 compared to the prior year.

Below are the August 2013 real estate market stats for the City of August, according to ABOR.

August 2013 Statistics

    • 3,082 – Single-family homes sold, 30 percent more than August 2012.


    • $224,000 – Median price for single-family homes, six percent more than August 2012.


    • 43 – Average number of days single-family homes spent on the market, 19 days fewer than August 2012.


    • 3,174 – New single-family home listings on the market, 16 percent more than August 2012.


    • 6,075 – Active single-family home listings on the market, 16 percent fewer than August 2012.


    • 2,399 – Pending sales for single-family homes, nine percent more than August 2012.


    • 2.8 – Months of inventory* of single-family homes, 1.2 months less than August 2012.


    • $883,147,100 – Total dollar volume of single-family properties sold, 36 percent more than August 2012.

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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