Don Gross, GRI
Broker/Owner

don@dongrossrealty.com
(512) 892-7788

 

 

REAL ESTATE UPDATE

Jan-Sep 2013

 

 

 

With interest rates edging up a little, and the holiday season rapidly approaching, the overall Greater Austin area real estate market may be calming just a bit from its summer peak.  Still, our market remains very strong.  Consider that in September, sales were up over 32% from the same time a year ago.  September average and median sold prices were up 10% and 12% respectively, inventory down 12%, and days on the market reduced from 65 days to 44 days.

Comparing the first three quarters of 2013 (Jan-Sep) to that of 2012, we see an overall sales
increase of a solid 22%.  Again, average and median sold prices were up, inventory down and days on the market reduced.  The chart below provides more specific data.

 

 
Year to Date (JAN-SEP)
  SEP '13   SEP'12 % CHG 2013 2012 % CHG
# of Sales 2,391 1,806 +32% 21,425 17,510 +22%
Avg Sold $ $287,891 $262,473 +10% $291,277 $269,019 +08%
Median Sold $ $233,000  $198,250 +12% $225,000  $207,000 +09%
Active Listings 5,965 6,812 -12% 5,633 7,226 -22%
Days on Mkt 44   65
 -32% 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, if you know of someone interested in buying or selling…


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.