Fall is here, and what an amazing time of year in Austin as the city blossoms with renewed energy brought on by cooler weather and all of the excitement the ACL Music Festival brings to our great city.
In October, the Austin Tx housing market traditionally starts to slow from the peak activity of the summer months. Our local housing market is seeing a slight drop in activity consistent with seasonal demand patterns. This is good news if you're looking to buy a home in Austin, as there is less competition for homes. We're also seeing interest rates trending downward, which is great news for both buyers and sellers in the Austin Tx housing market.
Let's take a quick look at the market numbers for September 2013.
Market Snapshot (city of Austin)
- 918 Single-family homes sold, 12% more than September 2012.
- $375,401 - Average price for homes was 14% more than September 2012.
- 32- Average number of days that single-family homes spent on the market, 47% fewer days than the same month in 2012.
- 98.3% Sales Price/Original List Ratio, 2% better than last September.