Austin-area home sales rise 33 percent, hit six-year high for January

January 2013 Statistics

• 1,402 – Single-family homes sold, 33
  
  percent more than January 2012.
  
  
• $197,900 – Median price for single-family homes, 10 percent more than January 2012.
  
  
• 71 – Average number of days single- family homes spent on the market, 14 days fewer than January 2012.
  
  
• 2,252 – New single-family home listings on the market, one percent fewer than January 2012.
  
  
• 4,947 – Active single-family home listings on the market, 25 percent fewer than January 2012.
  
  
• 2,045 – Pending sales for single-family homes, 25 percent more than January 2012.
  
  
• 2.5 – Months of inventory* of single-family homes, 1.6 months less than January 2012.
  
  
• $368,289,978 – Total dollar volume of
  
  single-family properties sold, 55 percent more than January 2012.
  
  * The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
• Austin MLS statistics provided by John Stapleton, Broker and Owner of Focus Realty, Austin, TX