Austin Home Sales Reach Historic Highs During December

Dec ABOR StatsAs might be expected due to the holidays, fewer homes sold in Austin in December compared to November but it still was an historic high for the winter month. For all of 2013 numbers were up except for inventory, which continues to decline — a possible harbinger of higher prices ahead.

The Austin Board of Realtors reported Friday that 2,080 single family homes sold during the final month of 2013, a 14 percent increase from December 2012. Inventory dropped to 2 months, down from 2.5 months in November, and the lowest amount recorded historically.

“2013 was one of the strongest years for the Austin housing market that Realtors have ever seen,” said Bill Evans, ABOR’s 2014 president. “Single family home sales topped 27,000 for the first time since 2007 and the market grew increasingly active as the year went on.”

December 2013 Statistics

  • 2,080 – Single-family homes sold, 14 percent more than December 2012.
  • $226,000 – Median price for single-family homes, eight percent more than December 2012.
  • 52 – Average number of days single-family homes spent on the market, 19 days fewer than December 2012.
  • 1,404 – New single-family home listings on the market, three percent more than December 2012.
  • 4,545 – Active single-family home listings on the market, 11 percent fewer than December 2012.
  • 1,375 – Pending sales for single-family homes, nine percent fewer than December 2012.
  • 2.0 – Months of inventory* of single-family homes, 0.7 months less than December 2012.
  • $610,579,840 – Total dollar volume of single-family properties sold, 19 percent more than December 2012.

2013 Year-End Totals

  • 27,298 – Single-family homes sold, 19 percent more than 2012.
  • $223,890 – Median price for single-family homes, nine percent more than 2012.
  • 50 – Average number of days that single-family homes spent on the market, 19 days fewer than 2012.
  • 34,132 – New single-family home listings on the market, nine percent more than 2012.
  • 5,492 – Active single-family home listings on the market, 20 percent fewer than 2012.
  • 28,017 – Pending sales for single-family homes, 12 percent more than 2012.
  • $7,933,813,683 – Total dollar volume of single-family properties sold, 28 percent more than 2012.

Courtesy of: Austin Business Journal and A.B.O.R.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s