Don Gross, GRI
Broker/Owner

don@dongrossrealty.com
(512) 892-7788

 

 

REAL ESTATE UPDATE

2013-2012 Year-End Comparison

 

 

 

This 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 active listing.

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 options.

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 the same.


 

  JANUARY THRU DECEMBER
  2013 2012 % CHG
# of Sales 27,298 22,946 +19%
Avg Sold $ $290,637 $270,375 +07%
Median Sold $ $223,890  $205,000 +09%
New Listings 34,132 31,441 +09%
Active Listings 5,492 6,853 -20%
Days on Mkt 50   69
 -28%

Please 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.

Don 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
Broker
 (512) 892-7788  (ofc)
 (512) 627-6677  (cell)
don@dongrossrealty.com		 Please remember…


Your 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.