Austin Housing – According to the Austin Board of Realtors (ABOR), July 2013 saw 3,135 single-family homes sold in the Greater Austin area. That’s a 35% increase over July 2012. Additionally, the average time a home spends on the market decreased by 23 days to 41 days over the same time period.
Additionally, townhouses and condo sales are up 31% over July 2012, with homes staying on the market 20% less time than before.
What does this mean? The rest of the country has realized that Austin is an incredible location in which to plant your roots. If this trend keeps up, the inventory of available houses for prospective buyers will continue to decrease, as more and more people from both inside the region and beyond decide to buy in the area.
Austin Housing will continue to stay hot as the city continues to attract and relocate top companies, but should also remain affordable when comparing on a national level. The median price for a home in Austin is $223,000, up 13 percent from a year ago this September. The advice to newcomers moving to Austin is to be pre-approved and work with a local Realtor who will understand your needs to find what’s right for you.
Remember, Austin offers something for everyone, boasting a diverse range of neighborhoods within and around the Austin city limits. Newcomers can locate austin housing options near every employment center in the Austin area and find all the latest in community amenities.
image: Garreth Wilcock