What’s the real estate market doing in your area? What are homes in my area selling for? Is it a good time to sell my home? Is it a good time to buy a home? The Austin area MLS statistics are out for June 2013 and things are looking good! Check out all the Austin area MLS statistics below, and if you want to know more about what homes are selling for your specific area, contact us! We can help you determine what your home may be worth in this ever-changing real estate market.
Area-Wide MLS Statistics for the Austin area
February 2013 real estate market statistics for the Dripping Springs area gathered from the most recent MLS data.
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.
Mallett Integrity Team
Dripping Springs, TX 78620 PH: 512-829-2062