Austin home sales up 16% in April

 

 

 

Single-family home sales are up and inventory is down, prompting optimism among Austin real estate experts.

“With increasing prices, stronger sales volume and more pending sales this month compared to April 2011, we’re encouraged to see the market showing strong demand leading into the summer months,” said Leonard Guerrero, chairman of the Austin Board of Realtors Austin Board of RealtorsLatest from The Business JournalsLyday named COO at real estate firm’s local officeABOR: Home sales jump 15% in MarchBuilder confidence slips nationallyFollow this company .

Here’s a look at some of the details compiled for the multiple listing report released today:

•1,949 single-family homes were sold in the Austin area in April 2012, 16 percent more than the same month last year.

•There was 4.4 months of inventory in April, or 2.3 months less than a year ago.

•The median price of $212,000 in April is 9 percent more than a year ago.

•Single-family homes stayed on the market an average of 67 days, 21 days less than a year ago.

•There were 3,227 new home listings, or 3 percent less than a year ago, and 7,319 active home listings, or 24 percent less than a year ago. Austin had 2,479 pending home sales, or 21 percent more than a year ago.

•The total volume of single-family homes sold was $529.3 million, or 17 percent more than a year ago.

•Sales of townhomes and condominiums totaled 191, which is 16 percent more than a year ago. The median price was $172,700, unchanged from a year ago. Those properties were on the market an average of 77 days, or 3 percent more than a year ago.

•There were 1,102 leased properties in the Austin market, about the same as a year ago. The median price for leases was $1.320 a month, 6 percent higher than a year ago.

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About melissagriggswebb

My professional career has always had a focus on sales and marketing including a diverse mix of technology and media sales as well as fund raising and event planning experience. My passion for residential real estate and design led me back to Texas almost a decade ago at which time I acquired my real estate license. I escalated my real estate career when I partnered in a business with my husband, Robert, in which we renovate homes in the Central Austin area. We have a daughter who is the joy of our lives and keeps us on the go and on our toes! Besides my family, my interests include art, design, jogging and music. I am a member of the Austin Board of REALTORS®, the Texas Association of REALTORS®, the National Association of REALTORS® and Member of Who’s Who in Luxury Real Estate. My enthusiasm for the highly desired Austin lifestyle, in addition to my extensive knowledge, resourcefulness and professionalism, make me the one to call for properties in Austin.
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