Here’s the short version of why it’s a great time to list your home in the Austin area right NOW:
1. Inventory is down – At first this may sound like a bad thing, however, for you, the home seller, this means buyers are more limited in their selection, making your home potentially more desirable than when inventory is high.
2. Median Home Prices are up – In January 2013 we have seen an increase of about 10% in median home sales prices compared to 2012 (see chart below). That means that you may be able to get more for your home than you were able to one year ago. Recent statistics also show that sellers are also getting about 95% of their asking price – now that is good news!
3. Closed sales are UP and Days on the Market are Down – MLS statistics are showing a 23% increase in closed home sales in the Austin area combined with a 22% decrease in the number of days a home is on the market until sale. So,if you need to sell your home quickly, now is the time!
Although we don’t have a crystal ball to predict your particular situation, we’d love the opportunity to work with you to get your home SOLD. If you’re thinking about buying or selling a home this year, let’s talk! Contact us at 512-829-2062 today!
We’ve also included all the most recent charts here below so you can see for yourself what the market is doing in the Austin area right now.