Austin Real Estate Tops $1 Billion in Sales in May
The Austin market hit a record in May for going over the $1 billion in sales volume in a single month.
Sales in the 5 county Austin area (Travis, Williamson, Hays, Bastrop, Caldwell) hit $1.23 billion for the month.
The record in sales volume is attributed to an 8% increase in median sales price and 9% increase in number of homes sold over May a year ago.
What's important to learn from these numbers and the monthly stats is that the homes with good value are selling. On the flip side, the number of homes that are actively on the market is also rising. That tells us that buyers are willing to pay top dollar for homes with the right value. Buyers are not willing to buy homes that the price and condition/location do not match.
Here's the infographic from the Austin Board of Realtors with all the key metrics.
It's critical when selling your home in this market to make a great first impression with buyers and price according to the market. When you do, the chances of making a top dollar, fast sell are in your favor!
We're proud that so far this year, the homes that we've sold for our clients have averaged over 101% of asking price and our average time to sell is less than 20 days! Our client sell for more money in half the time!
For a custom home pricing report on your home, simply click here and fill out your information. We'll get your personalized report back to you in 24 hours!