Home sales continue to rise in the Austin area, up 32 percent from last year. The Multiple Listings Service (MLS) reports that April is now the 23rd straight month of year-over-year sales volume increases, seeing its most home sales since 2004!
The report states that 2,563 single-family homes were sold in the Austin area this April 2013. On average, homes spent 50 days on the market, which is an increase from 19 days last year. The dollar volume was 52 percent higher, raking in $794,158,365. The volume of townhouses and condominiums bought this April in Austin was 251, which is 31 percent more than April 2012.
Home sales are expected to continue rising, as more and more people move to Austin having to compete for available properties. This is good news for realtors, brokerages, and people looking to sell their homes, as sales increase and the time homes spend on the market shortens. It’s a great time to be in the real estate business!