Austin housing market takes off in Jan. 2014Austin housing market takes off in Jan. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=48612014-02-21T13:31:00Z2014-02-21T00:00:00Z

AUSTIN - The local real estate market is off to a strong start in 2014, with home sales up 4 percent year over year in January, according to a report from Austin Board of Realtors.

There were 1,449 single-family homes sold in the Austin area in January at a median price of $211,800 — a 7 percent increase in value compared to the start of 2013.

There is about two months of housing inventory available in Austin as of January, compared to 2.5 months of inventory in January 2013. Austin homes are selling faster than before, selling after 63 days on the market. This number compares to an average of 72 days during the same month last year.

Also, sales of townhomes and condominiums were up 13 percent in January compared to January 2013. In that time, the average number of days townhomes and condos remained on the market dropped from 73 to 53.

Community Impact Newspaper
Austin-Round Rock
http://impactnews.com/austin-metro/central-austin/austin-real-estate-sales-increase-to-start-2014/Read more at {Source}

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