Austin homes selling quick, really quick

AUSTIN – Austin homes are selling within six weeks on average, according to a new report released Tuesday by the Austin Board of Realtors. The volume of home sales — $794.2 million in April — increased for the 23rd consecutive month. April had the most home sales in Austin since 2004. Townhouse and condo sales also experienced a rapid uptick.

Here’s some other statistics for April from the report:

• 2,563 homes sold, 32 percent more than a year ago.

• The median price was $227,250, 8 percent more than a year ago.

• The average number of days on the market was 50, 19 days fewer than a year ago.

• There were 2,976 pending sales, 20 percent more than a year ago.

• 250 townhouses and condos were sold in April, 31 percent more than a year ago.

• The median price for a townhouse or condo was $201,250, 17 percent more than a year ago.

• The average number of days on the market was 41, 47 percent less than a year ago.

• 1,273 properties were leased, 14 percent more than a year ago.

• The median price for a lease was $1,400 a month, 8 percent more than a year ago.

Read more at the Austin Business Journal.