It's springtime in Central Texas and life is good this April in Austin Tx. We've been getting much needed rain, the bluebonnets are beginning to bloom and the days are growing longer.
April traditionally kicks off the home buying season Austin, and the numbers from March show the Austin Tx housing market is not losing any of the momentum gained in the first quarter of 2013. Steadily improving employment numbers, rising consumer confidence, and low interest rates are fueling a very healthy local housing market.
So let's take a quick look at the real estate sales numbers for Austin in March 2013.
Market Snapshot (city of Austin Residential Home Sales)
- 877 Single-family homes sold, 7% more than March 2012.
- $365,133 - Average price for homes was 15% more than March 2012.
- 53 - Average number of days that single-family homes spent on the market, 30% fewer days than the same month in 2012.
- 95% Sales Price/Original List Ratio, 2% better than last March.
To summarize, homes in Austin Tx continue to sell much faster than last year, and for a whopping 15% more money on average.