Austin’s re-sale housing market continues to grow at a robust pace based on the latest data released Thursday by the Austin Board of Realtors.
Some 3,082 homes sold in August, 30 percent more than a year ago and more than double of what was sold in August 2010 — while median home prices also increased.
Still, it was slightly less than how many sold in July, which posted 3,135 sales.
Here are some other highlights of the August report:
• The median price of a single family home was $224,000, 6 percent more than August 2012.
• Single family homes remained on the market an average of 43 days, 19 days fewer than last year.
• There were 6,075 single family home listings on the market, 16 percent less than last year.
• There were 2,399 pending sales of single family homes, 9 percent more than last year.
• There were 2.8 months of inventory available, 1.2 months less than last year.
• The total volume of homes sold was $883.1 million, 36 percent more than last year.
• 361 townhouses and condos were sold in August, 32 percent more than last year.
• The median price of a townhouse or condo was $193,700, 14 percent more than last year.
• Townhouses and condos remained on the market an average 40 days, 37 percent less than last year.
• There were 2,149 properties leased in August, 10 percent more than last year.
• The median price of a leased property was $1,400 a month, 4 percent more than last year.
Orginal Article by: Jan Buchhloz
Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308
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