Seller’s Market in Austin

More good news on the Austin Real Estate front. The Austin housing market has been steadily gaining ground over the last 21 months and February 2013 posted a whopping 26% increase in home sales with a 7% price increase compared to the same period last year. Fewer houses are being listed, more sales were pending and the average Days On the Market (DOM) was 15 less than February 2012 also. This makes for the smallest number of houses on the market since the housing boom twelve years ago. This is a result of Austin’s flourishing economy as more businesses continue to relocate here to reap the benefits of Austin’s strong labor market and business-friendly environment.

“Build it and they will come” has never been more true!