The Austin market saw another strong month in September with positive changes in every key real estate indicator. The number of homes sold rose 5% versus September of last year to 740. Homes also sold for more than in September of 2012 – the average sales price was 10% higher at $332,884, and the average price per square foot climbed to 9% to $145.38/sq.ft. While average sales prices and price per square foot metrics both rose, the exceptionally strong demand for houses continued to drive the average days on market for those home down. A home in Austin, TX took an average of 46 days to sell in September 2012 – a whole 18 days faster than the pace homes sold for the same period of 2011.
For more information on the Austin real estate market or to find out how much your home would likely sell for in today’s market, Contact Me and I would be happy to help you however I can!