Don Gross, GRI
Broker/Owner

don@dongrossrealty.com
(512) 892-7788

 

 

REAL ESTATE UPDATE

2013-2012 Comparison
First Quarter (Jan-Mar) Plus April Statistics

 

 

 

Our local real estate market, which never did see the downturn most of the country has been experiencing, continues to surge.  Consider the first quarter results below.  Sales were up a very
solid 24% compared to the same time period in 2012.  Available inventory (active listings) down 26% leaving us with roughly just a two and a half months supply of homes.  Average and median price of homes sold were both up 9% compared to 1st quarter 2012.  And average days on the market just over two months, down 20% from the previous year’s 1st quarter.

Next take a look at April’s comparison.  Sales up an amazing 32%.  Average sales price up 15% to well over $300,000.  Available inventory down 25%, and days on the market down 28%, to now less than two months.  These factors have combined to make multiple offers on listings now commonplace.  And in many cases homes are selling above the list price as buyers compete in a limited inventory market.  Included in the mix is Austin’s steady population growth which has teamed with the historically low interest rates to help fuel this exceptional market.

 

  1st QTR (JAN - MAR)  
  2013 2012 % CHG APR 2013 APR 2012 % CHG
# of Sales 5,157 4,152 +24% 2,563 1,937 +32%
Avg Sold $271,627 $249,207 +09% $309,855 $269,244 +15%
Median Sold $210,000  $192,300 +09% $227,250  $210,000 +08%
Active Listings 5,095 6,898 -26% 5,488 7,319 -25%
Days on Mkt 68  85 -20% 50   69 -28%

NOTE:  Only single family properties are included in this report.  Please advise if you would like data on other property types. Also, please remember that this data represents a summary of the entire Austin-Central Texas listing service. Performance can and does vary between the various reporting geographic areas. If you would like data more specific to your area of interest, it will be happily provided upon request. There is no charge or obligation for this service.

Don Gross Realty is a service oriented, referral based company with emphasis on attention to detail. If you know of a friend, family member, neighbor, or co-worker who might be interested in buying or selling real estate, please mention me to them. Or, let me know, and I will be happy to contact them. And know that your referrals will always receive quality representation.



Your Referrals are Always Appreciated!!!

 

Don Gross, GRI
Broker
 (512) 892-7788  (ofc)
 (512) 627-6677  (cell)
don@dongrossrealty.com		    

 

 

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.