23 Feb 2013

Austin Real Estate Market Update

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Here are the latest real estate market statistics from the Austin Board of Realtors:

January 2013 Statistics

  • 1,402 – Single-family homes sold, 33 percent more than January 2012.
  • $197,900 – Median price for single-family homes, 10 percent more than January 2012.
  • 71 – Average number of days single-family homes spent on the market, 14 days fewer than January 2012.
  • 2,252 – New single-family home listings on the market, one percent fewer than January 2012.
  • 4,947 – Active single-family home listings on the market, 25 percent fewer than January 2012.
  • 2,045 – Pending sales for single-family homes, 25 percent more than January 2012.
  • 2.5 – Months of inventory* of single-family homes, 1.6 months less than January 2012.
  • $368,289,978 – Total dollar volume of single-family properties sold, 55 percent more than January 2012.

Given the 2.5 months of inventory on single family houses, this is definitely a sellers’ market!

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About the Author

Robert Guild has been the financial expert and the controller for both public and private companies for decades. Robert is now the co-founder of Lion Pride Capital Partners. At Lion Pride Capital Partners, we’re a team of investors. If you wanted to describe us in a couple of words, it would be: Expertise, Experience, Funds, and Network. We have experienced cash buyers and a construction manager who has been building and remodeling homes for over 20 years. We have a Realtor/Investor who finds us properties and markets our finished properties for sale. We also have a top mortgage banker with an extensive real estate portfolio and has been investing in real estate for over 20 years. I also have real estate investment mentors who are the most successful investors in Central Texas. We also have access to investor friends around the country so that together we can provide pretty much any solution to any problem in real estate for about any seller in about any situation. Regardless of your situation, we can help! Contact us today.

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