Earlier this week, I shared the Austin area housing statistics from December 2012, showing how it was the best December we’d had in six years. It was the 19th straight month of sales volume increases and continued both a decline in active listings and an increase in pending sales. The numbers for the month were indicative of the longer trend in 2012 as our local market continued to see growth despite a steadily declining amount of active inventory.
Overall 22,946 homes were sold in 2012, a 19 percent increase from the previous year while the median sales price rose to $205,000, a six percent increase. All the usual statistics showed our local market slowly growing out of the slope the recession had caused. Here are a few other numbers for 2012.
2012 Year-End Totals
- 22,946 – Single-family homes sold, 19 percent more than 2011.
- $205,000 – Median price for single-family homes, six percent more than 2011.
- 69 – Average number of days that single-family homes spent on the market, 15 days fewer than 2011.
- 31,441 – New single-family home listings on the market, three percent more than 2011.
- 6,853 – Active single-family home listings on the market, 20 percent fewer than 2011.
- 24,941 – Pending sales for single-family homes, 19 percent more than 2011.
- $6,204,024,237 – Total dollar volume of single-family properties sold, 26 percent more than 2011.
We’re expecting to see our market grow even stronger in 2013. Though homes prices might only edge up slightly in certain areas, other neighborhoods might see larger increases. Real estate is very much a hyper-localized economic factor with homes in one neighborhood moving quickly while half a mile away another neighborhood might have homes sitting on the market for months. If you’d like to learn more about your neighborhood or why now is a great time to buy and sell a home, call Robert at 512.791.0229 to set up a free consultation.