Home sales jump 32 percent in April? Where! AustinHome sales jump 32 percent in April? Where! Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=73382013-05-23T07:52:00Z2013-05-21T00:00:00Z

AUSTIN - Continuing on their upswing, Central Texas home sales jumped 32 percent last month, the highest level for an April in nine years, the latest figures show.

The area’s median home price rose 8 percent from April 2012, with a median price of $227,250, the Austin Board of Realtors said in its monthly report.

The board said 2,563 single-family homes were sold in April, compared with 1,937 last April, making it the 23rd month in a row of year-over-year sales increases.

Homes in the Austin-area homes sold in an average of 50 days in April, compared with 69 days in April 2012.

According to national real estate brokerage Redfin, 46.6 percent of new listings in Austin are under contract within two weeks of hitting the market.

The number of homes on the market was down 25 percent, with 5,488 active listings. Pending sales were up 20 percent, with 2,976 sales in the pipeline to close.

“No doubt Austin’s housing market is hot,” Ed Friedman, a director in Moody’s Analytics office in West Chester, Penn. said by email. “CoreLogic house price data show that prices have fully recovered to their 2007 peak — not many metro areas can boast that.”

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
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