Austin Dec. home sales end 2012 on high noteAustin Dec. home sales end 2012 on high notehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=84962013-01-23T07:15:00Z2013-01-22T00:00:00Z

AUSTIN - A 17 percent bump in December home sales helped pushed sales for all of 2012 to their highest level since 2007, according to Austin Board of Realtors.

The year ended with 22,946 single-family home sales, a 19 percent increase from 2011 and the most since 2007. The median price rose 6 percent for the year to $205,000.

The local housing market is being buoyed by the region’s job and population growth in the Austin area, along with low mortgage interest rates, escalating apartment rents, rising home prices and increasing consumer confidence.

December saw 1,828 sales — the highest level for a December since 2006. December also marked the 19th month in a row of sales increases in the region. Last month’s median price rose 11 percent in December to $210,000. The median was $188,450 in December 2011.

The local market had 2.7 months of inventory in December 2012 — the lowest inventory figure seen in Austin in the past decade. On average, homes spent 71 days on the market in December compared with 88 days the prior December.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
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