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Austin home prices rise, inventory dropsAustin home prices rise, inventory dropshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=76342013-04-19T11:30:00Z2013-04-19T00:00:00Z

AUSTIN - The median price of an Austin area homes rose to $220,000 in March 2013, an increase of 10 percent from the same month a year ago, according to the Austin Board of Realtors. Inventory has dropped 28 percent from March 2012 and pending sales have increased 18 percent.

There were 2,166 single-family homes sold in March 2013, an increase of 16 percent from a year ago.

Other highlights include

  • $220,000 — median price for single-family homes, 10 percent more than March 2012;
  • 64 — average number of days single-family homes spent on the market, 20 days fewer than March 2012;
  • 3,283 — new single-family home listings on the market, 2 percent fewer than March 2012;
  • 5,218 — active single-family home listings on the market, 28 percent fewer than March 2012;
  • 2,754 — pending sales for single-family homes, 18 percent more than March 2012;
  • 2.6 — months' inventory of single-family homes, 1.8 months less than March 2012; and
  • $616,354,794 — total dollar volume of single-family properties sold, 28 percent more than March 2012.
Austin Business Journal
Austin-Round Rock
Housing
http://www.bizjournals.com/austin/blog/real-estate/2013/04/home-prices-increase-inventory-drops.htmlRead more at {Source}

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