REAL ESTATE UPDATE
past year was another strong one for the Austin-Central Texas
real estate market
as 2013 saw further gains in sales, as well as average and
median sold prices. Average number of days on the market
was down 28% to only 50, as available inventory has shrunk to
record lows. Today we have only about a 60 day supply of
The Greater Austin area population continues to grow at a
rapid pace. Estimates are anywhere from 75 to 150 new
people per day, depending on the source. This trend,
which is expected to continue for the foreseeable future, is
placing heavy demand on available housing and limiting buyer
The close of 2013 reflects the average price of an Austin area
home to be at $290,637,
up another 7% from 2012, which itself was a very strong
year. All indications are that 2014 will offer more of
# of Sales
Avg Sold $
Median Sold $
Days on Mkt
note that only single family residence transactions are
included in this report. Other property type data is
available upon request. Also, the above chart
reflects averages of the entire Austin area. If you
would like information more specific to your community, it
can be made readily available.
Gross Realty is a service oriented, referral based company
with emphasis on attention to detail.
The opportunity to assist in your real estate needs
is always welcomed.
Don Gross, GRI
(512) 627-6677 (cell)
Referrals are Always Appreciated!!!
Data provided in this report has been obtained from the
Austin Board of REALTORS / Austin-Central Texas Realty
Information Service statistical reports, and the Real Estate
Center at Texas A & M University.