Austin Real Estate Market Update – January 2013

Here are the January 2013 Real Estate Market Statistics for Austin, Texas, according to the Austin Board of Realtors:

January 2013 Statistics

• 1,402 – Single-family homes sold, 33 percent more than January 2012.
• $197,900 – Median price for single-family homes, 10 percent more than January 2012.
• 71 – Average number of days single-family homes spent on the market, 14 days fewer than January 2012.
• 2,252 – New single-family home listings on the market, one percent fewer than January 2012.
• 4,947 – Active single-family home listings on the market, 25 percent fewer than January 2012.
• 2,045 – Pending sales for single-family homes, 25 percent more than January 2012.
• 2.5 – Months of inventory* of single-family homes, 1.6 months less than January 2012.
• $368,289,978 – Total dollar volume of single-family properties sold, 55 percent more than January 2012.

Austin Real Estate Market Statistics | What this Means?

The Austin real estate market is growing and 2013 is off to a great start.  Consider the following facts:

• 1,402 single-family homes were sold in the Austin area in January 2013.  This represents a 33 percent increase when compared to January 2012.
• $368,289,978 was the total dollar volume of single-family properties sold.  This represents a significant increase of 55 percent compared to than the same month last year.
• $197,900 was the median price for Austin-area homes.  This represents an increase of 10 percent more than the same month in 2012.
• Finally, the market featured 2.5 months of inventory in January 2013, which is 1.6 months less than January 2012 and the lowest inventory figure seen in the Austin area in the last decade.

Typically, anything under 6 months inventory is a sellers’ market, so 2.5 months makes this a great time to sell a house.

Austin Real Estate Market Statistics | Hippie Hollow Homes

Local Austin Real Estate Company Hippie Hollow Homes owner Shenoah Grove prides herself on being a student of the market.  Since 2004, she has participated in more than 1,200 real estate transactions totaling more than $200M in the Central Texas region.  Regardless of a good economy or bad economy, a sellers’ market or a buyers’ market, Mrs. Grove knows how to sell a house fast in Austin, Texas.

While this may be a sellers’ market now, it doesn’t mean that distressed home owners can simply put a sign in their front yard and find a buyer.  Other factors, such as no equity, being behind on payments, house needing work to get to market value, etc… can prevent a traditional real estate transaction from occurring.

Shenoah Grove, a licensed Real Estate Broker in the state of Texas, can sell a house in both a traditional manner, when best for the seller, or a non traditional manner, when best for the seller as well.  She consistently practices 12 different ways to purchase a home and has a passion for solving home owners’ problems.

If you require help to sell your house fast, contact Shenoah Grove today at 512-853-9522.

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