There were 5.09 million total sales in 2013, a 9.1 percent increase over the previous year.
“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates and a large pent-up demand driving the market,” NAR chief economist Lawrence Yun said.
The national median price for existing homes sales was $197,100. That’s an 11.5 percent increase from the median price in 2012 ($176,800).
So what does this mean if you’re thinking about selling your home? It means the market is in a great position for you to potentially sell your home quickly for more money! Although we don’t have a crystal ball to predict exactly what will happen when you list your home, we can say that, as a team, our listings average days on the market is under 30with many of our listings selling for asking price or higher!
Check out our listings from last year that sold in under 30 days:
If you’re thinking about selling your home in the Southwest Austin or Dripping Springs area, now may be the best time to get your home sold in the least amount of time for the most money! An improving market, low Austin-are inventory, combined with a top producing real estate team may be just what you need get your home SOLD.
Contact us today for a no-obligation analysis of what your home may be worth 512-829-2062.